**ETH/USDT Market Analysis (Last 4 Hours)**
In the last four hours, the ETH/USDT trading pair has shown moderate volatility, reflecting ongoing market fluctuations. Ethereum (ETH) began this period on a positive note, with its price climbing from $1,850 to $1,880, representing a 1.6% increase. This initial upward movement was supported by strong buying interest and optimism surrounding Ethereum’s upcoming network upgrades and broader market sentiment.
However, the bullish momentum was met with resistance at the $1,880 level. Following this, ETH saw a minor pullback as traders took profits, causing the price to dip to around $1,860. This slight retracement was accompanied by a decrease in trading volume, indicating a cautious market approach.
Throughout this timeframe, ETH/USDT maintained a relatively tight trading range, with support identified at $1,850 and resistance at $1,880. Technical indicators, such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI), suggested a neutral to slightly bullish outlook. The RSI hovered near 55, indicating a slight predominance of buying pressure over selling.
Moving forward, it is crucial for traders to monitor the key support and resistance levels at $1,850 and $1,880. A breakout beyond these levels could define ETH's short-term price direction. Overall, the ETH/USDT pair remains stable yet poised for potential movement, influenced by market sentiment and broader crypto market trends.
