A bearish start to the day saw Ethereum slide to an early morning intraday low $1,039.62 before making a move.
Steering clear of the first major support level at $998, Ethereum rallied to a late intraday high $1,275.99.
While coming up short of the first major resistance level at $1,307, Ethereum broke through the 23.6% FIB of $1,119.
A bearish end to the day saw Ethereum ease back to end the day at sub-$1,240 levels.
At the time of writing, Ethereum was down by 0.99% to $1,221.43. A bearish start to the day saw Ethereum fall from an early morning high $1,233.89 to a low $1,206.10.
Ethereum left the major support and resistance levels untested early on.