This chart looks at rising levels of volatility in ETHUSD
Rising volatility (blue line) relative to the March peak suggests Ethereum could have more room to fall against the dollar. Some near-term support around $250 could be tested if the fade in Cryptos continues. The recent move lower has been agitated by weakness in the XLK. However, the days ahead are shaping up to be a batlle over valuation with major players lining up on both sides of the market.