Binance ETHUSDT 10m Trend Prediction

ETHUSDT has currently moved outside the upper Bollinger band, indicating severe overbought conditions. Both the MACD and short-term moving averages are in a bullish arrangement, suggesting potential short-term bullish momentum supported theoretically. However, trading volume has not surpassed recent highs, indicating limited follow-through buying pressure. Combined with RSI and KDJ indicators both being at extreme high levels, historical performance suggests such overbought conditions are likely to lead to short-term corrections or high-level oscillations, thereby digesting profit-taking and overheating sentiment. The contract funding rate is negative, reflecting increased short-term holding costs for longs. In terms of support and resistance, S1=3700, which is very close to the current price and serves as the first buffer lower limit; meanwhile, around 3870 is a zone where previous pressure concentrated, making a breakout in the short term less probable. The ratio of long to short accounts among major traders and the overall open interest are both extremely biased towards long positions, indicating institutional and large traders remain bullish. However, due to the deviation from the moving averages and overbought conditions, chasing higher prices offers limited room, warranting caution against potential shakeouts or sideways corrections. In the short term, if the price pulls back to the 3700~3710 zone and receives support, it may maintain high-level oscillation. Conversely, if a divergence between volume and price leads the price below 3700, there is a risk of minor correction. Operationally, it is recommended to adopt a wait-and-see approach. If the pullback does not break the 3700 support level and volume aligns, attempting to sell high and buy low could be considered for short-term trades. It is not advisable to blindly chase longs or shorts at this stage. Risk control: In extreme market conditions, a fall below 3670 could trigger a phase adjustment—caution against downside risks. As long as support holds, the bullish structure remains intact, and high-level oscillations are the main trend.