Ethereum Turns ‘Sell’ After This Key Technical Breakdown

Ethereum failed to continue above the $138 and $140 resistance levels against the US Dollar. As a result, ETH price declined below $130 and it is now trading in a bearish zone.Ethereum is down more than 8% and it broke the $128 support against the US Dollar.
There was a key breakdown noted after the price was rejected near the $140 area.
There is a connecting bearish trend line forming with resistance near $129 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin price is also down mor