Binance ETHUSDT 1h Trend Prediction

From the hourly K-line perspective, ETHUSDT previously experienced a significant rally, now entering a technical correction and range-bound consolidation phase. The Bollinger Band width has narrowed to 4.1%, reflecting a convergence of volatility within the trading range. The current price has not touched the upper or lower bands; it is unlikely to break above the upper band (3650) within the 1-hour cycle. The middle band at 3578 and the lower band at 3505 serve as the primary short-term trading ranges. The moving average system indicates that MA5 is slightly below the current price, but the bullish alignment is hindered. The bullish trend has found some repair; however, short-term resistance increases. The MACD shows a death cross with the histogram being negative, indicating short-term capital flows favoring bears, but the adjustment space is limited, and no smooth trend has formed yet. Although large traders' holdings ratio is significantly skewed towards the long side, the active buy/sell ratio has returned to balance, and the RSI has declined. The market's bullish momentum might be temporarily exhausted, likely leading to consolidation. High-volume levels have retreated, indicating short-term divergence among chips, with mainstream capital cautiously observing. Downward space is limited, making significant short-term volatility less probable. Strong support levels are located in the 2930-2900 range, which is relatively distant from the current price. It is expected that in the next hour, the price will likely oscillate between 3520 and 3610. Unless an unexpected breakout occurs, short-term traders are advised to observe or to buy low and sell high within the range.