The ETH/USDT perpetual futures on Binance are currently trading at $3,730.20, marking a +1.42% increase over the past 24 hours. The price has fluctuated between a 24-hour low of $3,665.40 and a high of $3,792.10, indicating moderate volatility with upward momentum. The current price sits above the 7-day moving average (MA) of $3,714.60 and the 25-day MA of $3,709.85, yet still below the 99-day MA of $3,800.45, signaling a short-term bullish recovery within a broader consolidating trend. The Relative Strength Index (RSI) is at 56.80, suggesting a balanced momentum with potential for further upside. ETH's 24-hour trading volume stands at 1.45 million ETH, with a notional value of $5.41 billion USDT, indicating strong market participation. On a broader scale, ETH futures have posted a +0.62% gain over 7 days, a +9.45% increase over 30 days, and a +15.82% rise over 90 days, reflecting growing investor confidence. However, the 6-month return remains at -2.34%, and the 1-year return is marginally up by +3.17%, signaling that while short-term sentiment is improving, the long-term trend is still recovering from prior corrections.
