$ETH USDT UPDATE:

Ethereum is currently trading around 4457 USD. On the 4-hour timeframe, it is forming a descending triangle pattern and moving within it. Therefore, the possible scenario is: if ETH drops sharply from here and breaks the descending triangle trend line, we will see short-term downward momentum. Conversely, if ETH rises sharply from here and breaks the upper side of the triangle, then short-term upward momentum may appear. Stay tuned and look out for our upcoming updates.