<ul data-eligibleForWebStory="true">Ethereum is showing strong technical signals indicating potential further upside with $4,200 as the next target.Trader Merlijn The Trader points out a Golden Cross on the daily chart, suggesting a bullish trend.Titan of Crypto mentions a broadening wedge pattern on the weekly chart with upper resistance near $4,200.On-chain data supports the bullish outlook with the Put/Call open interest ratio at 0.43 and volume ratio at 0.63.Chart patterns, moving averages, and derivatives positioning all align bullishly for Ethereum.If momentum continues, Ethereum could break through resistance and rally towards $4,200 in the near future.