Binance ETHUSDT 1d Trend Prediction

ETHUSDT is currently in a strong phase, with highly bullish sentiment, displaying a typical ascending wave structure for the bull trend. Although there is short-term overbought condition, no clear top reversal signals are observed. According to Bollinger Bands indicator, the current price is oscillating between the middle and upper bands, with a moderately wide band opening. The price is expected to attack the upper band and possibly break through; with increased volume, there is potential to reach new recent highs. The short-term RSI6 is in extreme overbought territory, suggesting possible short-term correction. However, the long-term RSI remains within normal ranges, not indicating a cycle top divergence. Similarly, the KDJ indicator's J value is high, indicating strong short-term momentum, which may lead to a pullback, yet the main trend remains upward. The MACD main line is converging, indicating that the short-term correction is nearing its end. Bullish momentum shows signs of rebounding, resonating with the moving average system to support the bullish outlook. The large traders' long-short ratio is extremely skewed towards the bullish side, with overall market participation and confidence extremely high. This has been a primary driver of the recent rally. Although support levels are relatively distant, main capital continues to absorb dips repeatedly. From the 1-day candlestick chart, it can be seen that the current upward attack has strong continuity. Each dip on reduced volume has been met with buying interest, and there are no signs of heavy-volume large bearish candles, indicating distinct wave characteristics. Operationally, it is advisable to pursue light long positions on dips, with target price ranges of 4650-4730. If resistance is broken, consider maintaining部分仓位 for further gains. The stop-loss is suggested below the middle Bollinger Band at 4400. If this level is breached, watch for retracement risks. Although there is some short-term profit-taking pressure in specific areas, the overall bullish trend has not ended. Post-absorption in the intraday, there remains potential for continued upward movement. In the short term, be cautious of rapid top formations followed by high-level consolidation or pullbacks.