### ETH/USDT Trading Analysis: Last 4 Hours
In the past four hours, the ETH/USDT trading pair has shown noticeable activity, reflecting broader market trends and the intrinsic volatility of Ethereum. The session began with Ethereum facing downward pressure, dropping from around $1,860 to $1,840. This decline was driven by profit-taking and a general market correction after a brief bullish phase.
The support level at $1,840 proved resilient, preventing further declines and providing a base for a rebound. As trading volume picked up, positive sentiment emerged, pushing Ethereum's price upwards. Contributing factors included favorable news about Ethereum's network upgrades and increasing interest in decentralized finance (DeFi) projects, which bolstered trader confidence.
As the price approached the $1,860 mark again, it encountered resistance, highlighting a critical threshold for market participants. Despite this, the overall trend in the last hour has been cautiously optimistic, with ETH oscillating between $1,850 and $1,860.
Technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, suggest a neutral to slightly bullish outlook for the immediate future. The RSI remains in the neutral zone, indicating neither overbought nor oversold conditions, while short-term moving averages point to potential bullish momentum.
In summary, ETH/USDT has exhibited resilience and an upward bias in the last four hours. Traders should keep an eye on key levels, with $1,840 as a critical support and $1,860 as a significant resistance. A break above the resistance could signal further gains, while a drop below the support might indicate renewed bearish momentum.
