$ETH Update

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The ETH/USDT 4-hour chart shows a price at $3,793.40 with a 1.23% increase. Key moving averages (MA) and exponential moving averages (EMA) are closely aligned, suggesting consolidation. The MA(7) is at $3,777.22, while the MA(25) is at $3,786.98. The RSI is at 57.16, indicating neutral momentum, neither overbought nor oversold. The On-Balance Volume (OBV) is declining, hinting at decreasing buying pressure.

Recently, the approval of ETH ETFs has spurred market interest, potentially leading to increased institutional inflows and volatility. Traders should monitor volume spikes and price movements for potential breakouts or corrections.#ETHETFsApproved #btc70k #altcoins #bullrun2024📈📈