Binance ETHUSDT 1d Trend Prediction

ETHUSDT has recently declined from high levels and entered sideways consolidation, with the price stabilizing above the short-term moving averages MA5 and MA10, but being constrained by MA20 and MA50. The Bollinger Bands width is normal, with percent_b below 0.5, indicating the market is hovering below the middle band, and there is no significant upward momentum from the dominant funds. The MACD's DIF and DEA are gradually converging, and the green histograms are shortening, suggesting weakening short-term bearish momentum but no confirmed rebound yet. RSI and KDJ indicators indicate the market is in a wait-and-see or slight correction phase, with no obvious reversal signals. On-chain and trading data show that large holders have more long positions than shorts, indicating that long-term bullish capital has not withdrawn. However, active trading enthusiasm is low, with buy/sell ratios close to 1, reflecting cautious short-term market sentiment. Support and resistance points are R2 at 4109.99 and S1 at 3353.51. The short-term trading range is ample, with minimal volume changes over the past 24 hours, suggesting a high probability of sideways correction and buildup. Overall, technical indicators imply a sideways and somewhat weak trend, with no prominent bearish trend, but limited rebound strength. It is expected that ETHUSDT will trade within the 3850-4050 range over the next day. Investors are advised to remain cautious and wait for a clear breakout direction from the current range before taking definite actions. Pay attention to whether MACD forms a golden cross and whether the price breaks above MA20 or the Bollinger band extremities.