Binance ETHUSDT 1h Trend Prediction

ETHUSDT is trading at high levels; after a period of consolidation, signs have appeared indicating a short-term slowdown. The price is close to the middle band of the Bollinger Bands, and the short-term moving averages are converging. The bullish momentum has weakened but has not shifted into a downtrend. The MACD shows a dead cross, but the downward momentum is limited. Both RSI and KDJ indicators are in neutral zones, lacking extreme momentum signals. In the short term, the price is likely to fluctuate within the current range to digest recent gains. Large account holdings and position ratios remain notably bullish. The overall market structure is biased toward the bulls; however, active buying pressure is not strong, indicating that major buyers may be taking profits or adopting a wait-and-see approach. Support is at USD 2930.99, which is relatively distant with no significant signs of heavy short-seller suppression. The target range's upper boundary is near the upper Bollinger Band at approximately USD 3650, and the lower boundary aligns with the MA5 and the middle Bollinger Band around USD 3570. In the short term, high-level sideways oscillation within this range is expected. Considering trading volume, funding rates, and bullish structures in order book data, it is not recommended to chase long positions in the short term; caution and await further consolidation. If an extreme volume breakout with strong candlestick signals occurs and the price surpasses recent highs, the upward space may reopen. Otherwise, the market is likely to remain in consolidation. Trading suggestion: It is advisable to buy on dips and sell on rallies. Short-term trading should focus on the 3570-3650 USD range, with proper stop-loss levels set. Attention should be paid to any changes in capital flow or sudden positive/negative news that could trigger a breakout in either direction.