I think you right. I've been watching the ETH trades on Kraken for the last two days and it seems the price is artificially propped up at this point. The trend is down with the RSI currently at the 40 range but as soon as the $255 buy bucket empty's, someone adds another 200-300 coins in that range and it seems to be on repeat. Seems nothing is manipulation proof...
alexcrypto
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@silmaril0875, there are way too many premined ETH tokens to make it a nice market to trade for traders..as you can see, easy to spot the manipulation there.