Ethereum Price Analysis: ETH Could Rally If $116 Support Holds

ETH price is currently consolidating above the $116 and $117 support levels against the US Dollar.
Yesterday’s highlighted key bearish trend line is active with resistance at $126 on the hourly chart of ETH/USD (data feed via Kraken).
The pair may gain bullish momentum sooner or later as long as it is above the $116 support.Ethereum price is trading in ranges against the US Dollar and bitcoin. ETH/USD might start a solid upward move if it continues to hold the $116 support area in the nea