Watching EWZ around the $34 mark

Been keeping an eye on $EWZ lately, and it feels like we're consolidating pretty tight just under the $34 level. The daily range today, peaking at $34.055, suggests there's some attempt to break above, but it hasn't held strongly yet. From a pure price action perspective, this area has acted as both support and resistance in the past, so it's a key pivot for me. I'm seeing a potential for either a strong move up if we can convincingly clear and hold above $34.10 on decent volume, or a rejection that could see us drift back towards the $33.40 region. The risk to this consolidation breaking higher, for me, would be a clear close below $33.80 on the daily. That would suggest the buyers stepping in around this recent low are losing conviction.

There's no clear pattern I'm seeing besides this range-bound action, but the repeated tests of $34 without a decisive breakthrough are definitely on my radar. If it breaks decisively, I'll be looking for confirmation on the retest. If it fails to hold, then a move down to the lower end of the recent channel would be the next scenario to consider. Just my observations, keen to hear if others are seeing anything similar or different on their charts.