Ethereum Price Hints At Potential Correction, Buy The Dip?

Ethereum failed again to settle above the $1,300 resistance against the US Dollar. ETH is moving lower and might soon test the $1,220 support zone.Ethereum attempted another upside break above $1,300, but failed.
The price is now trading below $1,280 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $1,272 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct further lower, but the $1,220 support is the key.Ethere