Over the past four hours, Ethereum (ETH) has experienced moderate fluctuations against USDT. The price ranged between $1,757.58 and $1,845.68, with a current trading price of $1,828.93, reflecting a 3.04% increase from the previous close.
Trading volume during this period has been consistent, indicating balanced market activity. Technical indicators suggest a neutral market sentiment, with no significant buying or selling pressure. The Relative Strength Index (RSI) remains within a comfortable range, suggesting that the asset is neither overbought nor oversold.
Market participants are closely monitoring ETH's performance, especially after recent developments in the Ethereum ecosystem. The upcoming Pectra upgrade, scheduled for this week, is expected to enhance the network's scalability and efficiency, potentially influencing investor sentiment .
Overall, ETH's price action in the last four hours reflects a period of consolidation, with market participants awaiting further developments to determine the next directional move.
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