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.
Of course, the chart seems to be in upwards trend but many people are predicting once the price of Bitcoin drops and it will automatically affect the price of ETH. Positive news will always help the coin to increase their prices easily, in the coming days we might how bullish the price of ETH is going to be.