Will Ethereum drop below $240 again do you believe?
The charts doesn't look so in my opinion plus Ethereum has strong announcements coming up in few months time. The long term charts are bullish. It has only stuttered like other top ten altcoins because of the bullish condition of bitcoin.
I believe this thing will settle down, what we face to day is just a challenge and it won't last any longer. The bull run isn't yet come into altcoins but we can see few pumps which might be an indication that it will coming back again. Though there is no pronouncement for bull run but we feel it and it coming later this year.