ETH will continue to consolidate at these levels until all of the ICOs funded with/by ETH are sold out of their positions to pay their bills in FIAT. The 416 --> 300 move was the hedge funds taking profits off the table and the 300 -- > 235 are all the ICOs selling off their holdings of ETH.

I suggest anyone with extra fiat sitting around buy anytime we are below the following levels

BTC - 2500
ETH - 225 - 240
LTC - 43-45