Ethereum Price Aim Big After Recent Breakout Above $1,300

Ethereum gained pace for a move above the $1,300 resistance against the US Dollar. ETH is consolidating gains and might eye a fresh increase in the near term.Ethereum was able to clear the $1,280 and $1,300 resistance levels.
The price is now trading above $1,280 and the 100 hourly simple moving average.
There was a break above a key contracting triangle with resistance near $1,275 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could correct lower, but the bulls might be active