Nice idea on ETHUSD and there may be potential gains as you have identified by going long. For our set up, we have identified the key resistance and support levels. Currently, price is approaching our first support at 188.15. It is a horizontal swing low support, 61.8%, 100% Fibonacci extension and a 76.4% Fibonacci retracement. Stochastic is approaching resistance and we might see a corresponding bounce in price. If a corresponding bounce does occur, we may want to take a look at the 221.22 resistance level. It is a horizontal overlap resistance, 61.8% Fibonacci extension and a 50% Fibonacci retracement.
Please take a look at our idea and share with us what you think.