Ethereum (ETH) is showing promising signs as it forms a broadening wedge pattern on the 4-hour timeframe. This technical setup could lead to a bullish rally, with a potential target of $4800. The volume has been rising, signaling increasing interest in the asset. Ethereum’s return above the $4,000 mark has generated significant attention. With less ETH available on decentralized exchange (DEX), volumes are increasing, and demand appears to be growing.