Until Ethereum hits 500$ i will not buy ethereum.
Its still in a bearish mode and looks like not gonna end soon.
200$ is a nice support levet to buy but i will not do that too.
Well see if you buy now and it reaches 500$ so you will already make money. And what happens if you buy at 500$ and then it starts falling then you end up in a loss. This happens in the crypto market very frequently and should grab when the prices are lower.
500 is probably his buy signal. A validation that there's some sort of established support and is ready to climb up again.