Binance ETHUSDT 10m Trend Prediction

The candlestick chart shows that the past two days' prices have gradually risen, but there is no sign of substantial upward surge at high levels. Recently, the price has been consolidating in a stair-step pattern, oscillating around 3840. The Bollinger Bands' upper and lower bands have narrowed, and the current price is close to the middle band. Both ATR and historical volatility indicators show decreasing volume, indicating a lack of clear trend momentum in the short term, making the market prone to oscillate back and forth around 3840. The RSI6 is extremely low, indicating that short-term overselling occurred due to recent selling pressure, suggesting a potential minor rebound or correction in the near term. However, RSI14 and RSI24 indicate that the broader cycle is balanced between bulls and bears, making a decisive breakout unlikely. The MACD shows a short-term death cross with decreasing momentum bars, but the decline is limited. This suggests that after a short-term correction, the market might continue to oscillate sideways. The large traders' long-to-short position ratio exceeds 3, providing support below. However, the active buy-sell ratio and the number of long and short accounts do not show a significant advantage, indicating a clear market wait-and-see stance. Large capital long positions have not increased further. Support levels are at 3790.61, with resistance at 3865. Based on a comprehensive analysis of market sentiment and technical indicators, ETH is expected to oscillate within the narrow range of 3820-3865, awaiting a new trend change. It is recommended to adopt a short-term strategy of selling high and buying low, operating around the 3840 area. Implement stop-loss orders if the price drops below 3790, and consider chasing longs if a confirmed breakout above 3865 occurs. The recent market is resistant to decline but shows saturated upward momentum. Strict risk management with stop-loss and take-profit levels is essential, emphasizing risk control.