Ethereum Price Roadblocks: What’s Hindering A Fresh Increase?

Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320.Ethereum is struggling to gain pace for a move above the $3,420 zone.
The price is trading below $3,400 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $3,400 and $3,425 resistance levels to continue hig