Long opportunity opening up at ~$220

Although I have not yet invested in Ethereum, I am planning to jump in this range as long as more confirmations of reversal happening.

There is a chance next level of support could be tested. Personally, I think it all depends on how well Bitcoin does.

Time range should be pretty close.. I've done a similar analysis for LTCUSD and the time range falls within the same area. It is calculated as double of the previous trend.

ETHUSD