The ETH/USDT perpetual futures on Binance are currently trading at $2,558.66, reflecting a +1.62% gain over the past 24 hours. The 24-hour trading range shows a low of $2,450.72 and a high of $2,615.46, with a trading volume of 10.55 million ETH, equivalent to $26.72 billion USDT, indicating active market participation. The price is currently above key moving averages, with MA(7) at $2,508.69, MA(25) at $2,538.14, and MA(99) at $2,496.22, suggesting bullish short-term momentum. The Relative Strength Index (RSI) stands at 63.14, pointing toward a moderately strong upward trend but still below the overbought level. Despite a -1.07% drop on the day and mixed performance across timeframes, the 30-day increase of +61.04% indicates solid recent gains. However, broader timeframes reflect caution, with a -5.65% dip over 90 days and a deeper -32.24% loss over the past year. This points to a short-term recovery in a broader downtrend, making it essential for traders to closely watch momentum and resistance levels.
