Binance ETHUSDT 1h Trend Prediction

ETHUSDT has experienced a significant upward movement and is currently undergoing technical correction. The Bollinger Bands indicate the price near the middle band below, with no volume breakout, suggesting a clear intention of range-bound oscillation. The MACD histogram remains negative and widening, with DIF crossing below DEA, indicating short-term bearish dominance. However, the overall downtrend remains controllable, and coupled with RSI in oversold territory, a partial rebound is expected. KDJ is in a very low zone, with the J-line approaching historical lows. If trading volume increases, it may trigger a short-term rebound. Regarding long and short positioning, large institutional traders still hold significant long positions, and the number of accounts remains between 1.3 and 3, indicating that main funds still have bullish intentions. However, short-term sentiment is somewhat cautious. Volume increases are not accompanied by proportional amplitude expansion, indicating stable capital conditions and a lack of strong breakout momentum. Currently, prices are being suppressed by MA5/MA10/MA20, while MA50 and MA200 are significantly below the current price, maintaining an overall bullish correction within a range-bound structure. Overall, within the next hour, the price is expected to oscillate around high levels. The main force awaits to see if a secondary upward push initiates. If the price remains above 3530, there is still a mid-term chance to test the upper band; a break below warrants caution for further pullback. It is recommended to adopt a wait-and-see approach or lightly hold positions for range trading, paying close attention to the level of 3550 and the associated volume performance.