Binance ETHUSDT 12h Trend Prediction

ETHUSDT has been steadily rising over the past 12 hours, with the price remaining near the upper band of the Bollinger Bands, indicating a highly overbought condition. The MACD golden cross continues to push higher, suggesting the bullish trend has not ended. However, the KDJ and RSI across multiple timeframes are in extreme overbought zones, signaling a short-term technical correction may be needed. Large account holdings ratio is high, and large holders maintain a firm bullish stance. Nonetheless, the active buy-sell ratio and the ratio of bullish to bearish accounts indicate retail traders have not chased the high prices, reflecting emotional divergence. The market is driven by funds but lacks overall participation, raising doubts about the sustainability of the short-term rally. Trading volume remains at a relatively high level, implying continued capital inflow. Currently, market volatility is moderate with low amplitude, and no significant market risk events have triggered intense fluctuations. The market appears stable but slightly biased towards strength. Support levels are significantly below the current price range (S1 at 2363.88). There are no obvious resistance points at present, although the upper band of the Bollinger Bands and historical major zones may form short-term resistance. It is expected that the price will have difficulty breaking through the aforementioned range in the near term. Likely, the price will oscillate within the 4100-4250 range over the next 12 hours, with some retracement at highs. There is ongoing capital intervention to maintain high levels, but the indicators suggest that after digesting the overbought condition, a new trend direction will be clearer. Short-term trading is not recommended for chasing gains; patience for a pullback before positioning is advised. Strategic suggestion: Primarily observe; if the price stabilizes around 4100 on a pullback, consider low-buying with a stop-loss below 4050. Take-profit targets can be set near the upper edge of the 4250 range. Reducing position sizes and strict stop-loss measures are prudent when adding to long positions. The overall candlestick pattern displays an evident bullish trend, but the increased overbought risk emphasizes the need for technical consolidation. Within the 12-hour forecasted range, consolidation is more probable, and traders should wait for market confirmation before determining the next directional move.