·ETH price after trading as high as $263 found sellers against the US Dollar and moved down.
·There was a major connecting bullish trend line with support at $248.50 on the hourly chart of ETH/USD (data feed via SimpleFX), which was broken recently.
·The pair is attempting a close below the 100 hourly simple moving average and $245.
Read more here: http://www.newsbtc.com/2017/06/08/ethereum-price-technical-analysis-ethusd-downside-break/