Ethereum Rallies 15% To Test Key Downtrend Resistance, Bears Strength Tested

Ethereum is up more than 15% and it broke the $130 resistance area against the US Dollar. ETH price is now facing a few important downtrend resistances near $142 and $145.Ethereum is gaining traction and it recently surged above $130 and $135 against the US Dollar.
The bears are now defending more gains above the $140 and $142 levels.
There is a connecting bullish trend line forming with support near $126 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is also up more than 1