Ethereum (ETH) Price Primed For More Upsides Unless It Breaks $120

Ethereum is currently trading in a range below the $130 and $132 resistances against the US Dollar.
The price is likely to bounce back as long as it is trading above the $120 support.
There is a major bearish trend line forming with resistance near $132 on the hourly chart of ETH/USD (data feed via Kraken).
ETH could spike towards the $120 support before it starts a real upward move.Ethereum price is showing a few positive signs versus the US Dollar and bitcoin. ETH price remains well supported