Binance ETHUSDT 10m Trend Prediction

ETHUSDT on the 10-minute candlestick chart shows that technical indicators have formed a full-scale bullish breakout. The price has risen above the upper band of the Bollinger Bands, with percent_b exceeding 1, indicating that the current strong breakout market has not entered a consolidation or retracement phase, so short-term outlook is bullish. All RSI indicators (6, 12, 14, 24 periods) are in the extremely overbought territory, suggesting for buyers' momentum is very strong. Although there is overbought in the short term, inertia-driven upward movement is likely, with potential for further rise. The MACD has shown a volume-increasing golden cross, with the momentum histogram expanding significantly, further confirming the trend. The KDJ indicator shows the J line above K and D, with the value surpassing 90. Combined with the extreme values of MACD and RSI, this performance usually indicates approaching the end of a rally, but there are no clear signs of topping at this moment. The active buy-sell ratio and the number ratio of bull and bear accounts within the exchange are both high. The large-order long-short positions and account ratios are also significantly skewed towards longs, demonstrating that the main funds are collectively going long, and the market is being pushed higher by capital inflows. The trading volume is enormous, with the most recent candlestick showing a volume surge, indicating aggressive short-term bullish attack. It is expected that the price will test higher resistance zones (3165.77, with an upper target to 3178). Risk Warning: The short-term is extremely overbought, so caution is advised as the rally might retreat at any time. If heavily chasing the upside, it is recommended to set strict stop-loss and take-profit levels once a breakout or retracement is confirmed, and to take profits in batches within the target zone to prevent a sharp decline after a high.