ETHUSD has had some recent swings that have been wild, ultimately ETHUSD is awesome technology and I would love to see it succeed. We're consolidated at what in my opinion is a much better location than the parabolic one in the 380-420 territory. While I like this position for ETHUSD, we're at a stage of further support and resistance testing to be done. I like ETH entries below 255.00 and still believe that support lies with ETH between the values 248-255. Whereas I feel 320 is a possibility it would require ETH to be much more overbought than it is at this time. Speculation is difficult right now as to what August 1 will bring, I'm interested to see the direction that Crypto as a whole takes in the next few short months.
