Ethereum Price Analysis: ETH/USD Extending Declines Below $120

Key HighlightsETH price failed to move above the $135 and $136 levels against the US Dollar.
There is a new key bearish trend line formed with resistance at $127 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is currently under pressure and it could accelerate declines below the $120 level.Ethereum price is faced a fresh round of selling against the US Dollar and bitcoin. ETH/USD broke the $120 low and it could accelerate further losses.
Ethereum Price Analysis
Yesterday, we saw