Last week no new ATH was set but the price seems to be catching its breath a bit. Ethereum has had solid support all week long from the Fibonacci 0.236 level of the 1740 dollar. This level was already mentioned last week as a support zone. The ema's are still in favor of the bulls. The rsi dipped below the ema for a while but not something I will worry about at the moment. As long as we stay above the 50 level in the neutral area there is imo nothing to worry about.

daily chart: https://www.tradingview.com/x/EANqX1Bf/

The order block is holding up well here after it was broken through along with the breakout of the head and shoulders. The ESMs have crossed bullish as was my expectation last week and the trend strength remains nicely stable. After a higher high was set on the chart, a double bottom was put away on the order block. The ema100 has also provided support here. The rsi is trading against the 50 level and the ema. A bullish crossover would be ideal to break this lies sideways and make an attack on the ATH.

4h chart: https://www.tradingview.com/x/nOeVeXb8/

Here you can see a beautiful bull divergence, one out of the textbooks so on the orderblock. The price then almost immediately broke the local structure. However, the ema55 and 100 have crossed bearish but given the ema100 and 200 are not pulling further together I expect this to be short lived. Especially given the price action currently. The rsi after forming the divergence also shot up like a cannon through the ema and the 50 level.

1h chart: https://www.tradingview.com/x/0cWdPVy8/

Conclusion:
If the breaker on the 1h chart is going to be tested again and thus serve as support, the price is on its way to attack the ATH again and perhaps break it. Long-term support can be found in the orderblock around 1740 dollars. If we lose that level, the price could still drop to 1450. The current ATH is of course the resistance we are going to encounter.