Ethereum has managed to break its ATH and it now stands at $2151. This new ATH is just below the Fibonacci level 1 at $2168. The ema's and rsi both look bullish and the next target on the daily is at $2571. Whether we can advance directly to that level we will have to see on the lower timeframes.

daily chart: https://www.tradingview.com/x/lrR1WlG3/

Once the supply zone and old ATH have been broken there has been a decent back test on the supply zone where also a hidden bullish div has been formed. The hidden bull div is currently playing out and is setting an equal high.

We see the ema's still in favor of the bulls and also the rsi is in a positive position. The rsi is located above the ema and just below the 70 level. What we have to watch out for is that a bearish divergence does not form. This is because there is a high top on the rsi and if the price now starts to print a higher high but the rsi prints a lower high then a bearish divergence will be formed.

4h chart: https://www.tradingview.com/x/SC3OZcKN/

The 1h chart also looks pretty good. Higer lows are being printed and the local high has also been broken and tested again, you can see this at the yellow line. We see the same on the rsi. However, the rsi seems to be having trouble staying above the ema and getting above the 70 level. The ema's on the candles indicate a bull trend where the momentum remains very nicely even.

1h chart: https://www.tradingview.com/x/pMDl9pNM/

Conclusion:
I don't expect it to take long for Ethereum to reach the $2,500 mark. Support that should hold is in the supply zone around 1920 - 1980 dollars. If we lose it, support is waiting for us at 1727 dollars.

The Ethereum chart against Bitcoin also looks very nice. A decent break has taken place after which the price has made a golden pocket retrace. The next target where Ethereum can expect resistance is around the Fibonacci -0.236. That is about 50% away from the current price.

3D ETH/BTC chart: https://www.tradingview.com/x/yDTFjPcn/