Ethereum Price Faces Recovery Hurdle: Examining The Roadblocks Ahead

Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420.Ethereum started an upside correction from the $3,240 support zone.
The price is trading below $3,420 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $3,420 and $3,450 resistance levels to continue higher.Ethereum Price Eyes