The ETH/USDT perpetual futures on Binance are currently trading at $2,491.19, down 1.81% for the day. Over the past 24 hours, Ethereum has ranged between a high of $2,574.50 and a low of $2,473.36, with a total trading volume of 3.10 million ETH, equivalent to approximately $7.87 billion USDT. Technically, ETH is trading below key moving averages: MA(7) at $2,516.45, MA(25) at $2,542.89, and MA(99) at $2,581.25, which suggests a bearish short-term momentum. The RSI(6) is at 23.05, indicating oversold conditions and potential for a corrective bounce. Despite today’s weakness (-2.57%), ETH remains up 0.99% over 7 days and 40.79% over the last 30 days. However, broader time frames show negative trends, with losses of -11.19% over 90 days, -28.55% over 180 days, and a sharp -32.05% decline over the past year, reflecting a longer-term bearish sentiment in the perpetual futures market for Ethereum.
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