Can Etherium finally break out of this downward channel?

A target above $150 will be needed to break short term resistance, and also to escape the downward channel. Will the coming fork be the catalyst for this move? ETH is looking to be oversold on the daily, so a bullish move could be in the making. Etherium cannot afford to fall back to the bottom of this channel.

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ETH took longer than expected to break the channel. There is a possibility for a drop to around the $115 support, if the $150 resistance can't be broken