Ethereum (ETH) Price Downside Thrust Possible Before 2020 Reversal

Ethereum is slowly moving lower towards the $125 support area against the US Dollar.
The price is likely to extend losses as long as it is below the $132 resistance.
There is a key declining channel forming with resistance near $131 on the hourly chart of ETH/USD (data feed via Kraken).
ETH could decline in the near term before it starts a strong rally towards $150 and $175.Ethereum price is correcting lower versus the US Dollar, while bitcoin is consolidating. ETH price must stay above $120 thi