Ethereum Balancing at Resistance

🔷Following a strong rally from $2,380 in July, Ethereum has settled below $4,300 and is moving within a rising wedge, with resistance near $4,352. A breakout above this line could open the path to $4,460 and the minor high at $4,800, but a high MFI reading suggests the asset is nearing overbought territory.
🔷Support in the $4,232–$4,194 range remains key to preserving the bullish structure. Losing these levels could lead to a drop toward $4,111 or lower. Despite the risks, a weekly breakout above long-term resistance and a bullish EMA stack on the 4H chart point to a strong likelihood of further upside, provided the price holds above current base levels.