As you can see in the chart, after forming pattern and break the neckline (red square) price has been declined down to the specified target (around 500$). Then has started and raised to 0.382 Fibonacci level and touched the downward (red line). At this point it is the intersection between downward trend and upward trend (dark blue line).
Current price of the Ethereum is very important because the price is jailed between the corner of downward and upward .
Two probable scenarios are:
1- In case of keeping up the upward trend and breaking out of the downward trend, target prices would be: 625,660,700 USDT
2- In case of breaking the price and consolidation of the price below the upward (blue line), first decline would be down to 500 USDT