Ethereum price even broke the $192 level and traded to a new weekly high at $195. The current price action indicates more gains above the $195 level.
If there is a downside correction, an initial support is near the $193 level. It coincides with the 23.6% Fib retracement level of the recent upward move from the $187 swing low to $195 high.
On the upside, a convincing break above the $195 level could open the doors for a push towards the $200 resistance level. However, the main resistance is near the $205 level (the previous support), above which the price could surge towards $220.
Looking at the chart, Ethereum price is trading with a strong bullish bias above the $190 level. If the price remains above the $190 level for a couple of sessions, there are high chances of a run towards the $200 and $205 levels. If not, the price may perhaps extend the correction towards $188 or $185.