While i am writing this, looks like a breakout of that triangle (or ) is about to happen. The target of this formation, is simply the high of the channel. So even if it breaks up, it would not change anything of the current channels. I think only a good increase in together with a break of the 136/137, might be a short/mid term change of the whole picture.
Assuming the on the left is real as well, it would mean that even if we move up now towards the 136ish, it could still simply be a retest before a big drop happens. That's why i mentioned above, bulls would need to be strong in and speed, otherwise the bears will simply take over again.
Long term, the 124ish seems to be a big for ETH'. So if that one breaks, we will very likely be headed towards the 100ish again. Upside potential is limited at the moment, because the past month or so it seems like there are no real ETH bulls left. has been dropping the whole month now, even during the moves up. If that doesn't change, the movement up will be limited.
As i am writing this, it broke up already, so we should see it getting close to 135.5/136 quickly now. Bitcoin' also broke the 3920 and is trying to fight off the it has been moving inside of the past 36 hours.
The 140 is most likely still a big resistance for ETH, so that is the next level to break and mid term think the 144/148 is the last level up to 160ish. But it won't all happen if the bulls can't hold that red zone on the right.