In the past four hours, the ETH/USDT trading pair has displayed significant volatility, reflecting broader market sentiments and key developments within the cryptocurrency space. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to attract substantial interest from traders and investors. Paired with Tether (USDT), a stablecoin that maintains a 1:1 peg to the US dollar, ETH's performance provides valuable insights into current market dynamics.At the start of this period, ETH/USDT saw an uptick in trading volume, likely spurred by positive news regarding Ethereum's upcoming network upgrades and growing adoption of its blockchain technology. This surge in interest pushed ETH's price upward, breaking through previous resistance levels and achieving new intraday highs. The bullish sentiment was driven by investor optimism about Ethereum's long-term potential and its pivotal role in the decentralized finance (DeFi) and non-fungible token (NFT) sectors.

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