ETHUSD needs to continue momentum to break upcoming resistance

ETH has broken out of the short term (1 week) channel

It is currently still in the medium term downtrend channel started on May 5th
It is also in a short term uptrend channel started on May 28th

Facing psychological and fibonacci resistance at $600
Facing downtrend and fibonacci resistance at $650

If it breaks above $650, we can consider it a break of the downtrend, and a true long term uptrend

If it can't break these resistance levels, expect a retrace to $540, then possibly to $460

Currently sitting around $580
Chart PatternsTrend Analysis

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