The ETH/USDT perpetual futures contract on Binance is currently trading at $2,526.40, reflecting an increase of 1.73% over the past 24 hours. Within this period, the price fluctuated between a low of $2,346.99 and a high of $2,546.97, with a total trading volume of approximately 8.83 million ETH (equivalent to $21.58 billion USDT). Technical indicators reveal a moderately bullish trend, with the 7-period moving average (MA) at $2,514.94, the 25-period MA at $2,445.68, and the 99-period MA at $2,500.45. The Relative Strength Index (RSI) stands at 70.16, suggesting that the market is nearing overbought conditions, possibly leading to a short-term correction. From a performance perspective, ETH futures have risen 0.73% today and 1.07% in the past 7 days, while the 30-day performance shows a strong gain of 57.99%. However, longer-term performance remains bearish, with a -4.08% drop over 90 days, -18.26% over 180 days, and -17.48% over the past year, indicating that while short-term sentiment is positive, the broader trend still reflects prior downside pressure in the perpetual futures market.
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