Ethereum price broke shyly the support at $273 and is now ranging on the lower timeframes. However, as market structure generally dictates, we should see a retest of this level now as resistance and head lower to the $256 area where we have a nice demand zone. If this happens, we might see a push from buyers to get the price back on track. If price continues lower, we have another great opportunity to buy even lower at $227 with an even larger profit margin.
Let me know what you think on the comments below!