The ETHUSDT Perpetual Futures pair is currently trading at $2,541.11, marking a strong daily gain of +9.15%, with the mark price closely aligned at $2,541.57. Over the past 24 hours, Ethereum has posted a high of $2,608.00 and a low of $2,325.00, backed by a substantial trading volume of 9.83 million ETH, or approximately $24.16 billion USDT.
Technically, Ethereum is showing a clear bullish trend with price levels significantly above its moving averages: MA(7) at $2,530.72, MA(25) at $2,428.07, and MA(99) at $2,133.09. After bouncing from a recent support level at $2,213.36, ETH rallied strongly and tested resistance near $2,608.00 before a slight pullback.
The RSI(6) is at 64.91, indicating strong bullish momentum while nearing the overbought zone, hinting at either a continuation of the rally or a short-term correction. Volume indicators show increasing interest, with notable spikes during upward price moves.
In summary, ETHUSDT perpetual futures are experiencing strong upward momentum driven by increasing volume and technical strength. As long as Ethereum maintains support above key moving averages and buyer interest remains high, it is likely to challenge the $2,600+ resistance zone again in the short term.
