Binance ETHUSDT 1d Trend Prediction

ETHUSDT is currently in a strong primary upward wave, with moving averages arranged in a bullish alignment. The upper band of the Bollinger Bands still has room, indicating that the price is likely to continue challenging higher levels. Although RSI and KDJ indicators have entered high-level zones, no obvious bearish divergence is observed, suggesting that upward momentum remains dominant. Caution is needed for short-term overbought corrections. The MACD exhibits an overall bullish alignment with the green momentum bars continuously diminishing, serving as an important signal for sustained strong upward movement. Both institutional and retail investors show extremely strong long positions, especially among large investors, indicating that the main funds have not shown signs of retreat. Market sentiment supports further price increases. Trading volume has been steadily expanding intra-day, supporting this upward trend. Attention should be given to strong resistance near 4100 (R1). A direct breakthrough could challenge the upper Bollinger Band and potentially reach new highs. If encountering resistance and retracing, support is expected around 3700-3760. Short-term bulls may consider entering long positions after a pullback within this range. Recommended stop-loss is set below the recent MA10 (approximately 3695-3700). Should the price fall below this level, cautious exit is advised. The target price range is R1 (4100) or even up to the upper band at 4123.