ETHUSD chart overview

After the support at $1225 yesterday, the price of Ethereum started a bullish impulse that moved it to the $1295 level. We are very close to reaching the $1300 level and climbing above it. We need a non-positive consolidation and a break above to continue the bullish option. If we succeed, we will have a good chance to see the price recovery. Potential higher targets are $1325 and $1350 levels. We need a negative consolidation and a price pullback below the $1275 level for a bearish option. A drop below that level could mean that we will see a deeper pullback in the price of Ethereum. Potential lower targets are $1250 and $1225 levels.