The ETH/USDT perpetual futures on Binance are trading at $2,506.80, reflecting a daily decline of -0.71%. Over the last 24 hours, Ethereum reached a high of $2,548.02 and a low of $2,483.28, indicating some intraday volatility. The current price is slightly below the 7-period moving average (MA7) at $2,523.59 and the 25-period MA (MA25) at $2,515.59, suggesting short-term bearish pressure, while hovering just under the 99-period MA (MA99) at $2,517.30. The RSI(6) sits at 34.76, nearing the oversold region, which might hint at a potential price correction or buyer re-entry if sentiment improves. In terms of market activity, the trading volume in the past 24 hours was 2.63 million ETH, equivalent to $6.62 billion USDT, signaling strong interest. Despite the short-term weakness, Ethereum perpetual futures still show gains of +25.05% over 90 days and +9.10% over 30 days, although performance over longer periods has been negative, with -30.63% over 180 days and -31.96% over one year, indicating a broader bearish trend on higher timeframes.
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