Ethereum Facing Significant Resistance Near 100 SMA, Can Bulls Make It?

Ethereum seems to be struggling near the key $120 resistance area against the US Dollar. ETH price must climb above the 100 hourly SMA to start a strong increase in the near term.Ethereum is trading in a negative zone below the $120 resistance area against the US Dollar.
The bulls are active and they made a couple of attempts to surpass $120.
There was a break above a connecting bearish trend line with resistance near $116 on the hourly chart of ETH/USD (data feed via Kraken).
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