Binance ETHUSDT 1h Trend Prediction

ETHUSDT has experienced a strong rally within the recent 1-hour period, but currently the price has entered a consolidation zone characterized by sideways movement. The amplitude has slightly contracted and the price has not yet effectively broken through the upper Bollinger Band's upper track. From a technical perspective, the short-term RSI6 has reached overbought levels, while the longer-term RSI indicators remain neutral, mitigating the risk of an immediate pullback. The MACD momentum has weakened and shows signs of convergence; combined with Bollinger Bands and volume analysis, market participants are taking a cautious stance in the short term. Although the bullish and bearish indicators suggest that institutional positions are leaning towards long, the active buying strength remains limited. Retail account participation enthusiasm has not reached the level required for a unilateral breakout. Volatility and ATR values are at low levels, reflecting a tug-of-war between bulls and bears at high levels. Unless driven by new capital influx or news, it is unlikely to break the existing range in the short term. Key resistance levels are concentrated above 3620, with support at 3530. An important support below is the 20-period moving average at 3573.5, while the primary strong support around 2930 is still distant and unlikely to be tested in the near term. Overall, it is anticipated that ETHUSDT will fluctuate mainly between 3530 and 3620 in the next hour, awaiting a further directional move. Short-term trading strategies should focus on high sell and low buy, avoiding blind chasing of orders.