#Ethereum ($ETH ) Updates: Below 4,800 USDT, Shows Modest Rise in 24H

**What’s happening?**

#Ethereum ($ETH ) has dropped below 4,800 USDT, while still marking a 13.17% gain over the past 24 hours, indicating a recent high followed by a pullback.

**Why it matters:**

A slight retreat off recent peaks isn’t unusual and may point to short-term volatility, which traders often interpret as healthy consolidation.

**The bigger picture:**

$ETH recent strength has been powered by optimism around the U.S. Federal Reserve shifting toward rate cuts, which has buoyed risk assets like crypto.

Plus, robust institutional interest and rising network activity are fueling expectations that ETH could soon challenge its all-time highs near $4,878.

Key Takeaway

#Ethereum faced a pullback below 4,800 USDT after a strong run, yet its 13% jump in the past day and the broader bullish sentiment suggest the momentum remains intact. Watch for how it consolidates before possibly pushing toward new highs again.