Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a prominent bullish trend background, but after continuous upward movements, short-term overbought signals are evident, with the price oscillating and consolidating in the 3550-3600 range on the candlestick chart. The Bollinger Bands show that the price has not touched the upper or lower bands, indicating a dominant short-term oscillation range; additionally, percent_b is not at an extreme level. The MACD histogram is lengthening but has not formed a death cross. Combined with an RSI6 at a high level (77) and a high KDJ J value, this suggests a technical pullback signal, with significant overbought pressure. Derived data such as the bullish-to-bearish ratio and the large holder holdings ratio suggest that major market players have a bullish bias. However, the price is relatively distant from the support level at the MA20, indicating higher risk in chasing long positions. Short-term capital has not formed a unanimous new rally signal. From volume and candlestick patterns, after a volume-driven rally, consolidation and oscillation often occur. Support levels are relatively far; the primary strong support is in the 3507-3530 range. If the price fails to break through 3600 quickly, further consolidation is expected. It is recommended to adopt a cautious stance in the short term. If a rapid pullback occurs to around 3530, gradually observe the strength of support. If the price breaks above 3600 with volume confirmation, consider following the trend. The current short-term main tone is high-level oscillation.