My outlook on this situation:
Although the market is very bullish and we are in a bull market.. I believe Ethereum needs to see one more correction.
Once it hits the key resistance area of $1320.. I can see it dropping in price to complete Wave C in this ABC correction before it moves up parabolically towards Tp-1 (fib 1.618) and TP-2 (fib 2.618) to complete the top of this bull run and start the trend of the new bear market.
This is solely my own opinion..