Binance ETHUSDT 1h Trend Prediction

ETHUSDT current price is 3555, Bollinger Bands upper band at 3592.91, middle band at 3558.3, lower band at 3523.68. The overall trading range is converging, with recent prices fluctuating narrowly between the middle and lower bands, indicating a consolidation trend. Based on MACD and RSI indicators, the market currently shows no strong bullish or bearish signals. Short-term moving averages are congested, and there is a need for consolidation at the 15-minute to 1-hour levels, lacking momentum to break new highs or lows. The volume has decreased after a high, with the active buy-sell ratio leaning bearish, suggesting retail trader sentiment is becoming cautious; however, large institutional funds still predominantly favor bullish positions, indicating strong support below and no breakdown yet. Support and resistance levels are confirmed; R1 stands at 3628.99, which is relatively distant, while support at 3525-3550 can still absorb short-term pullbacks. In extreme weakness, attention should be paid to below S1 at 2966. Expect consolidated trading in the 3525-3595 range over the next hour with no effective breakout drivers. Historical candlestick patterns show sustained upward movement followed by horizontal adjustments at high levels. Currently, momentum is waning, short-term volatility is narrowing, and both fast and slow moving averages are intertwined. Overall assessment indicates that within this oscillating pattern, short-term long and short entries do not present high-probability conditions; a cautious stance is preferred. It is advisable to wait for support at the lower band or a breakout above resistance before making trading decisions.