Bulls test resistance at $250 amid struggle to regain momentum. At present, market sentiments remain bullish as ETH/USD changes hands at $243.53. A break to the downside will support a bear movement towards the next support at $240.
The support has already broken due to the dump that happened with bitcoin. I have expected another dump to come again.
This is not yet the momentum for ethereum caused by bitcoin is still holding the absolute domination to the whole crypto currencies.
I may think ether will not able to break its resistance this year.