Binance ETHUSDT 12h Trend Prediction

The current ETHUSDT price is approaching the upper band of the Bollinger Bands, combined with a high percent_b value, suggesting an ongoing upward trend with potential to break through resistance. The MACD indicator shows a narrowing gap between the dif and dea values, indicating weakening downward momentum and a possible shift to the upside. Trading volume is also sufficiently supportive. A strong RSI indicates increased buying pressure, but caution is advised for short-term overbought conditions that may lead to a slight correction; overall, the outlook remains bullish. The large traders’ long-short position ratio reaching 3.2271 shows most funds are flowing into long positions, supporting the upward movement, while a high ADX reinforces this trend. Though the funding rate is minimal, the skewed number of large long and short accounts lends a positive market sentiment, providing upward momentum for the next 12 hours.