Binance ETHUSDT 1h Trend Prediction

ETHUSDT has recently formed an upward trend followed by high-level consolidation; a technical correction has appeared on the 1-hour chart. The Bollinger Bands indicate that the price has fallen back to the middle-lower band region, with a band width of only 4.1%, signaling market convergence. The MACD indicator shows a death cross, indicating weakening short-term momentum. Both RSI and KDJ show no overbought or oversold signals, which does not support significant unilateral movements; more likely, the market is undergoing range correction. The buy-sell ratio and large account bullish/bearish data both exhibit certain bullish biases, but price has not yet broken out on increased volume in the short term. Additionally, the K-line structure suggests resistance and pullback, indicating short-term limited enthusiasm for chasing rising prices. Support and resistance levels should be referenced, as the current price is some distance from the recent key support levels. The short-term downside potential is limited, with strong resistance near the upper Bollinger Band. Trading strategies are more suitable for range-bound high-position selling and low-position buying. It is recommended to monitor the 3530-3600 consolidation zone within the next hour. If the price retraces to and holds above the lower band support, consider a small long position. If resistance is encountered at higher levels, moderate avoidance is advised, and chasing gains or cutting losses is not recommended. Overall confidence is approximately 75%. If there is abnormal volume or new news, the trading plan should be adjusted accordingly. Stop-loss is suggested below 3520, with take-profit targets around 3590-3600. The market is in a convergence phase; strict risk-reward management is required. Short-term trading should focus on quick in and out, avoiding heavy positioning in a single direction.