So we are now back at the so-called major resistance point of $220, except now,,, we better hope it becomes a major support line. Actually I am quite surprised to see the price right now because in the past month we have seen Bitcoin drop this far, but ETH managed to keep hold of its price. Now not so. Probably too many people took profit at $240?
This market is no longer rising as before, and people tend to speculate more than invest. In fact, investors only care about profits when investing in this market, and you should also consider carefully before deciding to invest.
In my opinion, ETH price will soon have a major correction this month and will soon return to $180, so be patient and wait for more to buy at a cheap price.