I agree that the bear trend hasn't broken yet, however I still think that this level is a good buy.
We might see another bottom yet, but I wouldn't hold your breath waiting for $200 again.
Imo, it's more likely that if it dips again, we'll form a double bottom, higher than the previous one at $200, and start a reversal from there. Otherwise (if it dips to $200 or breaks down even lower), ETH would be breaking down out of the trend that it started back in March/April, which seems unlikely given Metropolis will be releasing very soon.
The last time ETH dropped under the longer term trend line, it triggered the reversal and set up the August bull run.