Binance ETHUSDT 1d Trend Prediction

ETHUSDT is currently in a strong upward channel. Observing from the candlestick chart, following medium- to long-term significant oscillations and retracements, there has been a vigorous rally. The current price gradually approaches the historical new high zone. The upper band of the Bollinger Bands is at 4707, with the price closing at 4613, occupying the 0.83 quantile. The bandwidth is of moderate breadth and expanding, indicating a higher likelihood of further breakout in the market. The moving average system is extremely bullish, with short- and medium-term moving averages clearly supporting the price. Effective pullbacks are quickly absorbed by buying interest, maintaining a stable bullish trend. The MACD lines continue to diverge, with the red histogram not showing obvious weakening, suggesting sustained upward momentum. The RSI for the short and medium cycles are in mildly overbought to moderately overbought zones. While short-term volatility should be monitored, the bullish trend remains intact, with no top divergence or weakening indications. Trading volume is sufficient; active buy-sell ratios are roughly balanced, with no signs of panic selling. Large investors’ long and short positions, along with account holdings, are significantly tilted towards the long side, representing the strongest bullish signal. The ATR is above its average, indicating potential for sudden short-term fluctuations. It is suggested that if the price retraces to the 4560-4580 range, additional positions can be added targeting the 4700–4800 zone, with a stop-loss set below 4500. Overall, the short-term upward trend of ETHUSDT is confirmed. A pullback signals a potential opportunity to increase holdings. Maintain position sizing and strict stop-loss measures to manage sharp intra-day volatility. Under bullish sentiment, it is highly probable that the 1-day cycle will break through 4700, challenging the 4800 level.