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**Ethereum Slips to Fresh Lows Around 4,700 Threshold Amid Cooling Momentum**
The cryptocurrency market is showing signs of deceleration as Ethereum (ETH) has retreated to trade beneath the psychologically significant 4,700 USDT level. Current market quotes place ETH trading at 4,694.939941 USDT per unit.
The 24-hour performance tells an important story—while ETH maintained upside movement, the rally's intensity has significantly contracted. The modest 4.54% gain over the past day reflects a shift in market sentiment, suggesting that buying pressure may be losing steam after the recent run-up.
This pullback near the 4,700 mark is noteworthy for traders and investors monitoring ETH's technical levels. The digital asset's inability to sustain movement above this threshold could indicate consolidation ahead, or potentially signal a testing of support levels that traders have been watching closely.
For those tracking Ethereum's performance, this sideways-to-weak action against USDT pairs underscores the importance of monitoring key support zones as the broader market dynamics continue to evolve.