The ETHUSDT Perpetual Futures contract is currently trading at $1,816.68, showing a modest increase of +0.46% for the session. The mark price is closely aligned at $1,816.52, indicating minimal spread and price stability. Over the past 24 hours, Ethereum has fluctuated between a high of $1,832.98 and a low of $1,780.02, with a trading volume of 4.63 million ETH and a total USDT volume of approximately $8.37 billion.From a technical standpoint, ETH is trading slightly below the 7-period MA of $1,817.56 and near the 25-period MA at $1,811.25, while still under the longer-term 99-period MA of $1,827.62. This setup signals that ETH is attempting a recovery but facing resistance from long-term averages.The RSI (6) stands at 52.06, reflecting neutral momentum, neither overbought nor oversold. Volume has shown some bursts of buying interest but is tapering toward the most recent candles.In summary, the ETHUSDT perpetual futures chart shows a tentative recovery effort. Ethereum needs to clear the 99-MA convincingly to sustain further gains. Until then, price action may remain choppy with sideways consolidation. Traders should keep an eye on RSI and volume for clues on direction.
