Yes, I believe that it can drop below $240. What do you expect with ethereum? won't there be a chance for it to go lower? the market swings from time to time and it can go as high as possible but it can go lower than that.

We already saw it dropped up to $80 and that's totally a very disappointing moment for me. But with the good setting and trend today, it has risen back to $250 and about to reach back to $300 very soon.