After bouncing off the lower wedge pattern boundary, ETH shows bullish signs. Yet, it's nearing a strong resistance zone 2150-2300, coinciding with the upper trendline, acting as an overbought area.

For a sustained bullish outlook, a weekly close above 2300 is crucial. This could pave the way for a move towards the next resistance at around 3000. Conversely, staying below 2300 leaves room for bears to trigger a correction, possibly confirmed on lower timeframes.

Keep a close eye on price action at this pivotal level for meaningful market insights.