Ethereum Price (ETH) Correcting Gains, Another Dip Before Higher?

ETH price climbed higher recently above $220 before starting a downside correction against the US Dollar.
The price traded as high as $226 and recently declined below the $220 support area.
There is a short term declining channel (may be bullish flag) forming with resistance near $218 on the hourly chart of ETH/USD (data feed via Kraken).
The pair might decline towards the $210 support level before it could bounce back.Ethereum price is currently correcting gains versus the US Dollar, and bitco