Binance ETHUSDT 1h Trend Prediction

Following a recent continuous rally in ETHUSDT, the price has begun to refill from high levels. The short-term candlestick chart shows a slight corrective adjustment, with no sharp decline. The Bollinger Band width is relatively narrow, and the price is hovering around the lower Bollinger Band, indicating that it has not yet broken out of the adjustment phase and remains prone to repeated tug-of-war at low levels. The MACD is entering a death cross cycle, but the terminal momentum is slowing down. Both the KDJ and RSI indicators are at low levels, with no clear reversal signals, suggesting short-term overselling but cautious market sentiment. Currently, funds are skewed towards the long side, with institutional traders actively positioning; however, technical analysis shows the market is primarily consolidating to digest previous gains. The MA5 and MA10 moving averages have already fallen below the MA20 and are close to the current price. From a trend perspective, upward momentum has not fully recovered, but support below is strong. The upward and downward movement is limited in the short term, and the market is most likely to oscillate within the 3500-3570 range. If the lower boundary of the 3050-3500 range (the lower Bollinger Band) is confirmed to be stable, consider small-position low buy-in. Short-term swing trading is not suitable for chasing rallies. A break below 3500 warrants watching for defenses at 2850-2930 support levels. If the price quickly rebounds above 3570, the short-term direction will be determined by the capital-driven rise. Overall analysis indicates that institutional traders are actively leaning bullish but have yet to break through technical resistance. Coupled with limited market volatility, the market is mainly oscillating. It is advisable to adopt a wait-and-see approach or proceed cautiously with range-bound trading, awaiting clear directional signals.