Despite the huge selloff yesterday after the Bitfinex/Tether announcement, Ethereum maintained a higher low which confirmed a longer term up trend. The new target to hit now will be the $1,220 level to make a new higher high.
Signals are heading up, so we might be looking at confirmation prices could keep rallying. We broke the initial uptrend support, but maintained and overall up trend.
Because the pullback was so large, we will easily be looking at prices topping the $1,220 level and likely heading up to the ATH level.