Binance ETHUSDT 1h Trend Prediction

From the candlestick chart, ETHUSDT has recently experienced a sustained rally followed by a period of high-level consolidation, with current trading volume decreasing, entering a phase of price range oscillation. The Bollinger Band width is only 4.1%, and the current price is near the mid-line, with certain distance to both upper and lower bands, indicating a low probability of short-term breakout. After the MACD dead cross, the green histogram shortens, suggesting the market is slightly cautious in the short term, lacking strong and persistent momentum to support either long or short positions. Although the ratio of long to short accounts and large holder positions shows signs of being bullish, the profit-taking effect at high levels has waned, and no key incremental funds have been observed entering the market. The RSI remains neutral, with no sustained overbought pressure, making short-term declines less likely and limiting the extent of any pullback. Support levels are far at S1: 2930.99, with a very low probability of short-term breach, thus the main oscillation target range is 3520-3600. It is recommended to adopt a strategy of buying low and selling high within short cycles, and wait for clearer direction before considering breakouts to follow the trend.