Ethereum Price Dips From $1,600 But ETH Could Start A Fresh Rally

Ethereum struggled to clear the $1,600 resistance and corrected lower against the US Dollar. ETH could remains supported and might rise from the $1,500 support.Ethereum is correcting gains from the $1,600 and $1,580 resistance levels.
The price is now trading below $1,550 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $1,580 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could rise again if it stays above the $1,500 s