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 stock market went down and the entire cryptocurrency market went down along with it and it looks your support level was breached easily and now trading around $233. The market is trading on sync with the stock market and i am not surprised and since the economy is not doing well and since the cryptocurrency market went down along with the stock market we should expect the worst to happen in the coming months.