This is just a rebound. In fact, there is a panic selling in Ethereum, and the ICO team sells their Ethereum in large numbers. Perhaps this is fatal to Ethereum.
This is not yet finished, look at the chart and how ethereum goes below $200 again. We must careful with the market consider there is a lot of possibility if that was another bulltrap.
There was a lot of icos are still preparing their ethereum to be sold in the market. This may gives anoother bearish chart again.