Binance ETHUSDT 1h Trend Prediction

The overall trend of ETHUSDT remains bullish, with a long-biased arrangement of moving averages: MA5 > MA10 > MA20 > MA50, indicating a generally bullish market atmosphere, but gradually entering a consolidation zone. The Bollinger Bands are moving in the middle, with the current price around 3569 closely approaching the mid-line, and the high-percent_b at only 0.47, indicating a narrow-range adjustment mainly, without trend momentum to break above or below the bands. The MACD has formed a dead cross, signaling a decline in short-term momentum. Coupled with an RSI6 reading that is overly high and KDJ levels at high position moving sideways, it suggests that the short-term upward impulse has been absorbed, and the price may enter a narrow oscillation to digest profit-taking. Major market participants' long-short holdings ratio is 2.99, still clearly bullish. However, after active accumulation at usually top zones, the market often undergoes sufficient oscillation, where funds' divergences are absorbed before a directional move occurs. Trading volume has mildly increased, but the amplitude is negative, with the ATR at only 44, indicating no extreme volatility and suggesting that the current phase is dominated by short-cycle oscillation and consolidation. From the comprehensive candlestick chart, the overall upward trend is evident, but short-term resistance at high levels causes sideways consolidation. Support S1 is at 2930.99, which is relatively far, indicating limited downside potential. Expect ETHUSDT to oscillate around 3570 within the next hour, with fluctuations not exceeding 2%. Trading recommendation: Observe and wait, avoid chasing high positions; around the support zone (approximately 3530), small long positions may be attempted; at resistance near 3620, consider reducing positions and exiting, then look for a confirmed breakout to re-enter. Set stop-loss below 3520, and use previous high levels as reference for take profit zones.