#TrumpTariffs
ETHUSDT Perpetual Futures (Binance) - June 4, 2025
**Price**: $2,622.77 ▲0.65%
**Range**: $2,575.00 - $2,655.38 (Δ$80.38)
**Volume**: $1.05B (moderate liquidity)
Key Signals:
1. **Backwardation**
Futures price **37% below spot ETH** ($4,120) → bearish leverage sentiment.
2. **Technical Structure**
- Resistance: $2,655 (today's high)
- Support: $2,575 (critical hold)
3. **Volume Profile**
Declining vs. 7D avg → weak momentum.
#### Action Watch:
- Break above $2,655 = short squeeze potential
- Close under $2,575 = bearish acceleration
*(Funding Rate: -0.008% → shorts dominate)
*