Ethereum Turns Red, Signaling Fresh Decrease Below $125

Ethereum is struggling to stay above the key $125 support area against the US Dollar.
A successful close below $125 could spark another bearish wave in the near term.
There is a connecting bearish trend line forming with resistance near $130 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin is currently consolidating above the $7,200 support area.Ethereum price is showing a few bearish signs versus the US Dollar and bitcoin. ETH price could decline heavily if there is a break below