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.
Market has been ranging and sidewise for weeks now and we can easily see the price range as well, it seems like this price range will not be able to stay for long now and either it will break the resistance and resume bulls or if the price drops below support areas we can expect further downside, looks like market is in slow accumulating phase to me and mostly it results in bullish break finally.