Ethereum Price Analysis: ETH Consolidating Before Fresh Upside

Key HighlightsETH price tested the $120-121 support area and started consolidating against the US Dollar.
There was a break above a short term bearish trend line with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may trade in a range for some time before a fresh upside towards the $140 level.Ethereum price is holding important supports against the US Dollar and bitcoin. ETH/USD could resume its upward move towards $140 or $142 in the near term.
Ethereum Price