$ETH Ethereum (ETH) has posted an impressive rally against Tether (USDT), with its price climbing 9.24% in the past 24 hours to reach 4,692.09 USDT. This surge brought the token close to its daily high of 4,715.75 USDT, well above the day’s low of 4,256.92 USDT. The strong price movement is backed by high trading activity, with a 24-hour volume of 1.03 million ETH, valued at approximately 4.66 billion USDT, indicating robust market participation and growing investor confidence. The 1-hour candlestick chart captures this sharp upward momentum, suggesting an aggressive bullish push within a relatively short period.
From a technical standpoint, ETH is currently trading above all key moving averages—MA(7) at 4,654.12, MA(25) at 4,545.78, and MA(99) at 4,324.95—reinforcing the bullish outlook across short, medium, and long-term trends. The close alignment of these averages with the current price suggests sustained upward pressure, while the consistent higher highs and higher lows on the chart point to a continuing uptrend. If ETH maintains this momentum and breaks past the 4,715 USDT resistance level with strong volume, it could set the stage for further gains. However, given the steep rise, traders should also be mindful of potential pullbacks as the market digests the rapid move.
