Binance ETHUSDT 1h Trend Prediction

Based on current technical indicators, ETHUSDT is entering a consolidation phase after a continuous rally, with prices hovering near the middle of the Bollinger Bands, indicating a pause in upward momentum. The appearance of green bars in the MACD suggests a weakening of short-term momentum. The RSI is relatively low but not in oversold territory, reflecting market adjustment without clear volume-driven selling pressure. The moving average system still shows a bullish overall trend, but short-term moving averages are turning downward, so focus should be placed on the support level around 3550 for short-term strength. Position data indicates that regular accounts and large holders are somewhat bullish, but this is most likely a range trading strategy of selling high and buying low within a band. Transaction volumes show no abnormal surge, reinforcing the range-bound market sentiment. The ATR and volatility indicators are not significantly elevated, indicating a lack of active attempts to chase gains or panic sell-offs, suggesting that main traders are either accumulating within the range or awaiting a directional break. Considering the balanced strength of both bulls and bears, a range trading strategy is recommended, with buying low and selling high; the short-term resistance is at 3650, and support is at 3550. If the price falls below 3550, attention should be paid to the key support level; if it breaks above 3650, confirmation of follow-through volume is necessary. Trading advice: maintain a light position for short-term observation or employ range trading, with strict stop-loss orders at the upper and lower bounds of the range. Should a volume breakout occur, revert to trend-following strategies.