ETH breakout soon?

ETH just popped up above the 20 EMA on the daily chart, which currently sits right at the resistance it's been seeing since 12/17 (red line). This is the first time it's gotten above the 20 EMA on the daily chart since mid November. Simultaneously, it seems to be testing a downward trendline that can be traced back nearly 2 years (yellow line). If it can hold support at ~$134, could it possibly break out of the downward trendline to the upside in the coming days?
Ethereum (Cryptocurrency)ETHUSDTrend Analysis

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