Ethereum Price Pulls Back: ETH Gains Under Pressure

Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380.Ethereum is correcting gains from the $3,500 zone.
The price is trading above $3,400 and the 100-hourly Simple Moving Average.
There was a break below a connecting bullish trend line with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to decline further if there is a close below the $3,350 support.Ethereu