Binance ETHUSDT 1d Trend Prediction

The current market trend is strong, with ETH recently breaking above the upper Bollinger Band without showing a correction signal, indicating short-term bullish sentiment and potential for further rise. Although RSI6 indicates overbought conditions, strong momentum suggests that prices may continue to increase, with an expected short-term range of 4400-4500. The KDJ indicator shows the J line significantly above the K and D lines, further supporting a short-term bullish outlook. However, caution should be exercised regarding the possibility of a short-term pullback, and it is recommended to implement stop-loss measures. From the overall market sentiment and trading volume, the market is currently in a high buy-in phase. Additionally, large traders hold significantly more long positions, supporting further upward price movement. It is advised to monitor the possibility of prices breaking through the upper target zone (4500) in the near term. Combining MACD and moving average trends, the outlook remains bullish. Short-term trading could involve taking partial profits and accumulating on dips at strong support levels, with attention to risk management.