Binance ETHUSDT 15m Trend Prediction

ETHUSDT has shown a strong upward trend within the past 15-minute cycle. Prices have been consolidating at recent high levels over the last two cycles. Trading volume has increased but without extreme spikes, indicating evident recent volatility signs. Bollinger Bands data indicate that the current price is within the upper-middle band region, with the percent_b near 0.68, not reaching extreme levels. This suggests the market is likely to consolidate and accumulate strength before choosing a direction. Although the MACD indicator is at a high level, it shows signs of retreat, with short-term upward momentum weakening. Coupled with the relatively weak signals from the KDJ indicator, short-term bullishness is not strong, and some indicators suggest correction prospects. The RSI is around 50 across the board, not entering overbought or oversold zones, characteristic of a consolidation pattern. Large institutional holdings are predominantly long positions, but the account distribution is not wide, indicating the market is in a tug-of-war phase without a unified direction. Major players or large funds are attempting to accumulate during oscillations. Overall trading volume is balanced. With the moving averages in a bullish zone, there remains support during any pullback. Currently, the price movement is limited within a range, with recent support near 4680 and resistance at the upper Bollinger Band around 4735, defining a zone of 4680-4735. It is recommended to conduct short-term trading within this range, employing high-throw-and-low-absorb strategies. Stop-loss can be set around the lower Bollinger Band near 4641, with take-profit targets at the upper band around 4735. Trend-following is advised to wait for a breakout of the range before taking further action.