Ethereum ($ETH ) is showing strong bullish momentum against USDT, with the current price at 4,647.00 USDT, reflecting a +9.33% gain in the last 24 hours. The daily range has been wide, with a low of 4,204.20 USDT and a high of 4,668.18 USDT, indicating sharp volatility and strong buying pressure. The surge is highlighted by the fact that ETH is trading near its 24h high, suggesting that bullish sentiment remains in control as buyers continue to push the market higher.
From a technical standpoint, ETH has broken above key moving averages. The MA(7) at 4,385.13, MA(25) at 4,297.99, and MA(99) at 4,267.24 are all positioned below the current market price, confirming that Ethereum is trending strongly upward across short-, medium-, and long-term perspectives. The 24h trading volume of 846,183.85 ETH (≈3.71B USDT) also supports the breakout, showing robust participation. On the 1-hour timeframe, ETH is consolidating above support levels, with immediate resistance near 4,670 USDT. If bulls sustain momentum, ETH could attempt a move toward 4,750–4,800 USDT, while strong support rests around 4,400–4,300 USDT.
