Nothing to see here. Just the expected stabiliaztion of the price. Bears don't have the power to push it further down. Bulls don't have the power (yet) to push it up.
I know, no one in here wants to hear this, but we are in for a booooring time (+/-$30 around 255 for the next weeks). Sorry.
nope, stable price is not good for bulls, because they will continue to bleed slowly and pay those high interests (above 0.11 % a day) till they dont.
that's the reason why they are so desperate to keep this above 250 and maintain high hopes for a rally.