The ETHUSDT Perpetual Futures contract is currently trading at $2,483.10, reflecting a modest intraday gain of +0.55%, with the mark price nearly identical at $2,483.14. Over the past 24 hours, the price reached a high of $2,512.33 and a low of $2,442.65, with a 24-hour volume of 4.05 million ETH, equating to approximately $10.03 billion USDT, indicating significant market activity and participation.
Technically, Ethereum is attempting to stabilize after a prior downtrend, hovering near its short-term moving averages: MA(7) at $2,479.28, MA(25) at $2,479.51, and the longer-term MA(99) at $2,557.90. The convergence of these averages suggests potential accumulation or a pause before the next decisive move. ETH remains slightly below the MA(99), indicating that bullish momentum has not fully reclaimed long-term control.
The Relative Strength Index (RSI 6) is at 55.69, implying a neutral to slightly bullish momentum. This level shows that the asset is not in overbought territory and still has room for potential upward movement if buyers step in with conviction.
Volume trends show mild activity without clear dominance from either bulls or bears. On the broader time frames, Ethereum’s performance is mixed:
Today: +0.69%
7 Days: +0.94%
30 Days: +54.73%
90 Days: -7.89%
180 Days: -21.71%
1 Year: -19.76%
These figures highlight a recent sharp recovery in the short term (30-day window), though the longer-term trend remains bearish. In summary, Ethereum futures appear to be in a short-term recovery phase within a larger downtrend, and traders are likely watching for a breakout above the 99-period moving average to confirm a more sustained bullish reversal.