Binance ETHUSDT 12h Trend Prediction

Technical analysis indicates that ETHUSDT has entered a major upward wave phase, with the price approaching the upper Bollinger Band in a short period and continuously hitting new highs. The MA bullish pattern is extremely obvious, with the price mainly trading above the short- and medium-term moving averages, showing strong buying momentum. Multi-timeframe RSI levels are in overbought zones, but no signs of top divergence or significant volume exhaustion are observed, suggesting that although there is some correction pressure, the probability of continuation of the explosive rally in the short term remains high, and the main trend is still upward. MACD shows a clear golden cross, with DIF and DEA continuously widening, and increasing histogram bars, indicating strong bullish characteristics. Coupled with high positioning of the KDJ lines near the top, market sentiment remains highly optimistic. Indicators related to large traders are predominantly bullish, with the position ratio and account ratio demonstrating that institutional investors and capital have significantly increased their holdings without obvious signs of profit-taking, supporting the continuation of the main upward trend. DMI/ADX combination shows an extremely strong current trend with no signs of trend exhaustion, representing active funds continuously entering to push prices higher. The only minor concern is that the price has been in the overbought region for an extended period, which may lead to a short-term pullback to the upper Bollinger Band. However, no top signal has been observed. The subsequent upward target could reach the 3740-3820 range. Support levels at lower positions include MA5 (3597.75) and strong support at S1 (2900). Operationally, if the price retraces to avoid falling below MA5, traders may consider adding positions. If the price drops below 3550, caution should be exercised to manage positions and prevent a correction.