Based on the ETH/USDT chart from Binance, the short-term outlook for ETH Futures Perpetual is bearish to cautious. The price is currently around $1,831.58, up by +2.26% in the last 24 hours. ETH is trading well below its 7-day moving average (MA7 at $2,678.94) and also below the 25-day moving average (MA25 at $2,543.30), indicating that downward momentum is still dominant.
The RSI is at 31.53, which is in the oversold territory. This suggests that ETH is currently under heavy selling pressure but might be approaching a potential bounce or short-term reversal if buyers start stepping in. ETH recently touched a low around $1,778.94 after a strong correction from previous highs.
Overall, ETH Futures Perpetual are currently in a corrective phase. Traders should be cautious, as the trend remains weak. A recovery above key moving averages would be needed to confirm a trend reversal. Until then, risk management and careful monitoring are essential.