Binance ETHUSDT 1h Trend Prediction

Currently, ETHUSDT is in a clear upward major trend, with the price reaching new highs in the current phase, and the candlestick chart shows a bullish arrangement. The moving averages, especially MA5, MA10, and MA20, provide clear systemic support. However, after a rapid rally to high levels, trading volume remains high, and short-term indicators are collectively in overbought territory. From the Bollinger Bands perspective, the price has not effectively broken above the upper band. The midline around 3573.53 may serve as short-term support. If this support is broken, attention should shift downward toward the lower band near 3507. The short-term RSI6 indicates extreme overbought conditions, with strong early warning signals from KDJ (J-value >80). The MACD also shows signs of peaking. Considering active buying and selling, as well as most large investors' holdings being predominately long, the market faces profit-taking pressure among bulls. The ADX value is relatively low, not supporting trend-breaking scenarios, implying ongoing tug-of-war between bulls and bears. There is difficulty in forming a one-sided trend in the short term. Although large funds are concentrated in long positions, the ratio of long to short accounts is only 1.2, indicating not all capital has followed the trend. Short-term volatility is likely. The 24-hour amplitude is negative, indicating insufficient momentum after recent price fluctuations. The short cycle may enter a sideways consolidation phase. Price is expected to fluctuate within the 3540~3630 range at higher levels within the next hour. A strong upward breakthrough of 3630 to reach a new high would require further volume expansion; otherwise, the market will predominantly oscillate. Overall, it is not recommended to chase long positions currently. Focus should be on buying low and selling high within the range, mainly to prevent short-term overbought corrections. If the price effectively breaks below the Bollinger midline, caution is advised to avoid short-term correction risks.