Binance ETHUSDT 1d Trend Prediction

At the daily chart level, ETHUSDT shows a clear rebound and bullish trend. The current price is slightly below the MA5 but remains within the upper region of the Bollinger Bands, indicating that the primary upward move is not yet complete. The MACD histogram is expanding, with the gap between Dif and Dea widening, suggesting a high probability of continued upward movement. The KDJ indicator exhibits a triple-line bullish alignment, reflecting positive market sentiment. The RSI6 is in overbought territory, indicating a short-term technical risk of a correction; however, historical candlestick patterns show that after breaking into overbought zones, a trend inertia can persist for some time. RSI12/14 and 24 remain strong, demonstrating good momentum continuity. Trading volume continues to increase based on recent candlestick data, indicating sustained market participation. Coupled with the large investor long/short positions or account ratios (2.7618 and 1.5920 respectively), this suggests main force remains inclined towards a bullish stance. The upper band of the Bollinger Bands at 3401.89 serves as a short-term target level, with resistance expected around 3500. Support levels are at MA20 and the middle Bollinger Band at 3151; a break below these could signal a risk of a correction. Funding rates are positive and stable, indicating strong bullish cost support without signs of short squeeze or panic selling. Short-term correction support is estimated in the 3250-3150 range; breaking below this suggests a timely stop-loss is advisable. The main force target zone is between 3400 and 3500. If resistance is encountered, a consolidation within the range is likely. Overall, ETHUSDT currently demonstrates a bullish dominance. It is recommended to go long while momentum persists, targeting 3400-3500 with a stop-loss set below 3151. Caution is advised if resistance at higher levels causes volume shrinkage, as a short-term correction could occur.