Binance ETHUSDT 1h Trend Prediction

The ETHUSDT recent candlestick performance is strong, with multi-timeframe moving averages aligned upwards. After surpassing previous highs, the price has maintained high-level oscillations, indicating typical bullish dominance. The current Bollinger Bands show the price moving near the middle-upper band. Although the percent_b has not reached extreme values, it already indicates strong phase momentum. Coupled with the continuation of MACD red bars, the upward driving force has not been exhausted. The short-term RSI is at elevated levels, indicating a need to watch for retraction risks. However, both the long and short positions in the account distribution and major holder holdings show a clear bullish trend, suggesting that major funds are pushing for further gains. Volume distribution remains stable with no sudden surges, implying the primary upward momentum has not been depleted and that the market remains active. Short-term resistance is around $3,628. If volume supports a breakout, a new high may be achieved. Conversely, if local retracements occur, support can be found near the 3555-3565 dollar moving average band; breaking below may lead to consolidation at high levels or short-term correction. The current main market logic is: bullish dominance with no significant large-term bearish suppression. Retracements are supported, and it is advisable to follow the main upward trend in the short term. Target range is 3590-3625 dollars. Taking profits at high levels is recommended; conservative traders can wait for a retest of moving averages before entering long positions. Operational advice: chase gains with light positions, take partial profits in phases, and strictly adhere to stop-loss orders. If the price drops below the MA20 (around 3562) or if funding indicators show clear weakening, promptly exit positions. Overall, there are no obvious signals indicating a bearish reversal; the outlook remains cautiously bullish with medium to high confidence.