ETH/USD - Another New 2018 Low $250.28

Ether made another new low for 2018. The price stopped stopped at $250.28 (Coinbase) last night which is less than a dollar away from the 123.6% fibonacci level measured from the swing low at $360.00 on April 1st to the last swing high at $828.97 on May 5th. I hope the new low made last night is a new swing low and price will go up from there, but I think price will pierce the 123.6% fibonacci level at $249.32 and go down more.