Ethereum is a strong alternative to Bitcoin during times of instability surrounding the hard forks we'll be seeing in next month. Even if those hard forks go smoother than planned, Ethereum has not been at such levels relative to Bitcoin since April / May (when cryptocurrencies began their run-up in the first place).
Since it is a "blue chip" cryptocurrency, it is relatively protected on downside (note all cryptocurrencies are risky assets and hence downside risk is always more substantial than it is for other asset classes). I personally like it at any level below $300, but you should pick a level you're comfortable with and set a limit order there. As always, if you aren't comfortable, then you shouldn't invest.
Disclaimer: This is not investment advice. This is strictly my own opinion and you should always do your own due diligence and use your own judgment for investments you make.
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