Binance ETHUSDT 1h Trend Prediction

ETHUSDT, after a continuous upward movement, has currently retraced to the middle-lower band of the Bollinger Bands and is consolidating within a narrow range; short-term funds have adopted a defensive stance but there is no evidence of large-scale accumulation or aggressive buying. Trading volume and trading value are both elevated but have not resulted in significant volume surges or signs of sustained upward attack or relentless selling pressure; this is part of a phase where previous highs are being digested and adjusted; bullish and bearish indicators favor the bulls, but do not confer decisive dominance. Most technical indicators show oversold conditions requiring correction; RSI and KDJ are both approaching lower levels, indicating that after releasing short-term downward momentum, a rebound could occur at any time, yet the overall structure has not turned bullish. Support levels at 2930-2900 are relatively distant; the current price movement is mainly constrained by the lower band of the Bollinger Bands and the short-term moving averages MA5/MA10; if trading volume continues to decline, a period of narrow-range consolidation is expected. Based on an integrated assessment of short-term trend, volatility, and market structure, ETHUSDT is most likely to fluctuate within the range of 3490-3570 in the next hour, awaiting a directional breakout driven by market sentiment and volume. It is recommended to adopt a short-term trading strategy centered on high selling and low buying, with quick entries and exits; trend investors should wait until the next clear directional signal before establishing positions, and avoid chasing rallies or selling in panic.