Ethereum's technical setup suggests upside potential, with analysts noting a rising wedge pattern that could target $3,800-$4,800 if confirmed. ETH posted 38% weekly gains - its strongest since December 2020 - while maintaining support above $1,900. Market activity shows $30B+ volume on Binance and 42% growth in futures open interest ($30.4B). Key levels include $2,600 resistance and $2,200 support. While technicals appear bullish, the taker buy-sell ratio below 1 signals short-term caution as ETH consolidates near $2,500.