Ethereum Price Analysis: ETH/USD Consolidating Above $120 Support

Key HighlightsETH price declined heavily and traded close to the $120 support level against the US Dollar.
Yesterday’s highlighted key bearish trend line is intact with resistance at $138 on the hourly chart of ETH/USD (data feed via Kraken).
The pair needs to climb above the $138 and $140 resistance levels to start a decent recovery.Ethereum price is trading near key supports against the US Dollar and bitcoin. ETH/USD must stay above $120 to recover in the short term.
Ethereum Price Analy