Binance ETHUSDT 1d Trend Prediction

The current ETHUSDT candlestick chart exhibits a strong bullish trend, with clear bullish moving average alignment, and the price staying well above the support band of the moving averages, backed by the middle band of the Bollinger Bands (4269) and continuing to test the upper band (4957). The MACD indicator has been rising consistently with increasing histogram bars, indicating that the primary upward wave is ongoing, with no signs of bearish divergence or top formation. The J line of the KDJ indicator remains near overbought levels but has not yet turned downward, suggesting momentum is still intact. All RSI readings across different periods are near 60, indicating no immediate short-term overbought condition, and there is no obvious divergence or inertia risk, implying limited overhead resistance. Large institutional holdings and account numbers are both trending higher, with continued accumulation by major funds. The active trading volume is balanced between buying and selling, with no significant disagreement among market participants, indicating a healthy primary uptrend. The daily range and trading volume are well-coordinated (amplitude of 10.675, 24-hour volume approaching 12.8 million), combined with an ADX exceeding 41, signaling strong unilateral trend momentum, which suggests the possibility of further upside in the short term. Support levels are far below at around 2900, with no significant resistance points currently. Based on Bollinger Bands and trading volume, the previous high of approximately 4950 can be viewed as the short-term target zone, with a high probability of an upward breakthrough. Overall, it is advised to adopt a long-biased approach within the next day, targeting a short-term range of 4900-5050. If the price effectively breaks above the upper Bollinger Band, the trend target could expand further. It is recommended to follow the trend but remain cautious of overbought signals on the KDJ, setting appropriate exit points. In case of a strong correction, attention should be paid to the 20-period moving average and the short-term support around 4500-4600 for potential entry points. The overall large holder net long position remains intact. A cautious approach with small positions is advised to chase the bullish trend, with partial adjustments to stop-loss levels.