My only concerns with this trade would be bitcoins recent weakness and ability to drag Ether down with it. If Ether falls below the blue long term support we could see prices dip back into the 300's. The plus side is ETHBTC has been dropping heavily too, and is due for a bounce. Nevertheless Stop losses should be utilized accordingly. I will have my entry set at today's low of 475 and a stoploss set at 449. Wish me luck.
Disclaimer: I am very new to trading and any constructive criticism is very much encouraged. Thank you :)