Will Ethereum drop below $240 again do you believe?
If you are wishing it to drop at $240 then forget about it since it will require a bearish trend again to attain that. If you are planning to buy ETH, you should have bought it before during the bearish trend. We are now in a bullish trend and it will take a while before Ethereum starts to pullback again to that price. Just embrace the bullishness this month and the upcoming months of bull run.
Newbies only want to buy when they see green. If you want to be a successful investor you should be buying when there is blood in the streets. Don't worry though, more firesales will happen after the next big crash after this upcoming bubble.