ETH : $1500 or $1000 Next ?

ETH is currently trading above the support zone of $1242. How this support holds will determine the course of action for ETH in the near future. As long as ETH can stay above this support, we could see a move towards $1341, $1401, $1450 and $1500. However, if the support at $1242 breaks, we could start seeing a drop towards $1184, $1114 and $1046 which would be good entry points for longing ETH.