Ethereum Price Sees Technical Correction But Key Uptrend Support Intact

Ethereum price rallied following Bitcoin and tested $1,850 against the US dollar. ETH is correcting gains, but the bulls might remain active near $1,750.Ethereum started a downside correction from the $1,850 resistance.
The price is trading above $1,750 and the 100-hourly Simple Moving Average.
There is a major bullish trend line forming with support near $1,755 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase unless there is a clear move below $1,750.