TA: Ethereum Dips From Highs, Why ETH Could Correct To $1,375

Ethereum started a downside correction from $1,630 against the US Dollar. ETH could extend losses if there is a clear move below the $1,480 support.Ethereum started a downside correction from the $1,630 resistance zone.
The price is now trading below $1,500 and near the 100 hourly simple moving average.
There is a key bullish trend line forming with support near $1,480 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could extend its downside correction if it breaks the $1,480 sup