Ethereum Price Consolidates Below $1,250: What Could Trigger A Fresh Rally?

Ethereum is facing resistance above $1,250 against the US Dollar. ETH could gain bullish momentum if it clears the $1,230 and $1,250 resistance levels.Ethereum attempted a recovery wave and climbed above the $1,200 level.
The price is now trading above $1,200 and the 100 hourly simple moving average.
There is a key contracting triangle forming with resistance near $1,220 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could a steady increase if there is a clear move above $1,230