An immediate support is near the $188 level. Additionally, the 50% Fib retracement level of the recent wave from the $184 low to $193 high is also near the $188 level. More importantly, there is a new bullish trend line forming with support near $187 on the hourly chart of ETH/USD.
Therefore, a downside break below the $187 level might push Ethereum towards the $182 support area. The 100 hourly SMA is also near the $182 level to provide support.
On the upside, an immediate resistance is near the $195 level. A clear break above the $195 level could set the pace for more gains above the $198 and $200 resistance levels. If there are more upsides, the next stop for the bulls may perhaps be near the $205-$206 zone.