Hi there!
Let's take another look at Ethereum.

Ethereum

I wrote about this topic recently (as you can see here http://bit.ly/2s67tEJ and here http://bit.ly/2t6zWcA). I'd like to try to be even more precise on what I think may be a probable scenario. I'm expecting the price (Kraken price) to find support between $265 and $248 (Circle on the chart) and hopefully start bouncing back.

90 Days Chart - Ethereum US Dollar

Let me know your thoughts in the comments.
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Ethereum website
https://www.ethereum.org/