The price movement of Ethereum (ETH) has recently shown remarkable changes. After a period of falling wedge formation, ETH seems to be attempting to break out of this structure. However, investors need to remain cautious and wait for the closing confirmation on the 4-hour Candlestick Chart.

If ETH can firmly break through the 4500 USD level, meaning a bullish candlestick appears on the 4-hour chart with both opening and closing prices above the upper edge of the wedge, then according to technical analysis theory, we might see ETH continue to rise towards the vicinity of 4700 USD.
Currently, ETH has reached a key resistance level. Market participants should closely monitor the performance around the $4500 mark tonight, as this level is not only a psychological barrier but also coincides with the upper band of the 4-hour Bollinger Bands, forming an important technical resistance.
If ETH can break through this key resistance, we may see it rise further to around $4630. However, if it fails to break through, ETH is likely to fall back and oscillate within the range of $4450 to $4280.
Regardless, the current market conditions are worth close attention from investors. Before making any investment decisions, it is advisable to conduct a comprehensive analysis that combines various technical indicators and fundamental factors.