Ethereum Stuck In A Key Range, Can It Break This Key Resistance?

Ethereum is trading in a tight range above the $110 support area against the US Dollar. ETH price must break the $132 and $144 resistance levels to start a fresh increase.Ethereum is currently consolidating below the key $144 resistance area against the US Dollar.
The price remains well supported on the downside near the lower end of the range at $110.
There is a major bearish trend line forming with resistance near $140 on the hourly chart of ETH/USD (data feed via Kraken).
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