Binance ETHUSDT 1d Trend Prediction

From the candlestick chart, ETH has experienced a significant rally recently, entering a relatively high consolidation zone. The upper Bollinger Band at 4307 serves as the main short-term resistance, with the middle band near 3988 acting as support. Currently, the price is trapped between the upper and middle bands, lacking further momentum to push higher in the short term. The MACD indicator shows a bullish crossover, indicating that there is still upside potential technically. However, the short-term RSI is in the overbought zone, suggesting that the rebound momentum may have been exhausted and a correction could occur at any time. The J value of the KDJ indicator is significantly higher than K and D, indicating high short-term volatility. A typical pattern is a sharp rise followed by oscillation and decline, suitable for range trading with high selling and low buying at the top and vice versa. Both long and short positions, as well as large trader holdings, are heavily skewed towards the bulls, demonstrating that the dominant players are still controlling the market. However, if the previous volume cannot be sustained or increase, it will be difficult for the price to break new highs. Currently, there are no strong breakout signals from technical or capital indicators. The daily chart shows primarily sideways consolidation within a range of 3980-4180. Once the price stabilizes above 4180, it could aim for 4300. In the short term, caution is advised against a pullback to the mid-line support. In a consolidation phase, participants should set stop-loss levels around 3970-3980 below, and if a breakout occurs, take the opportunity to add positions. Conversely, if the upward move fails, consider gradually taking profits at high levels. Trading recommendation: 1. Engage in range trading by buying near 3980 and selling near 4180. Light long entries can be made on dips close to 3980. Upon a strong breakout above 4180, add to positions decisively. If the price falls below 3980, consider clearing the positions and observing. Be cautious of potential shifts by major players. Currently, chasing rallies is not advised. It is better to wait or operate within the range, prioritizing capital safety and strict stop-loss controls.