Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term.Ethereum started a downside correction after it failed to surpass the $3,520 zone.
The price is trading above $3,420 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $3,470 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $3,470 and $3,520 resistance levels to