Here’s a concise Ethereum ($ETH

/USDT) trading snapshot along with context from the funding rate and price chart:

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ETH/USDT Market Summary

Current Price: $2,584 (-1.03%)

24h High/Low: $2,738.50 / $2,547.26

24h Volume:

ETH: 1.12M

USDT: $2.96B

Technical Indicators

MA(5): 225.65

MA(10): 199.89

MA(60): $2,575.85 (ETH is slightly above this)

Current Volume: 85.99K

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Funding Rate Context

Ethereum funding rates across all exchanges have mostly remained positive, suggesting:

More long positions than shorts (bullish sentiment).

However, funding rates have shown fluctuations, often peaking before local tops.

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Current Insight

ETH is consolidating just above the MA60, showing neutral to slightly bullish structure.

Support: $2,547

Resistance: $2,738

A break above $2.6K could retest the recent high. A dip below $2,550 might signal short-term weakness.

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