Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a strong upward trend, with 400 one-hour candlesticks indicating dominance by the bulls. Prices are continually hitting new highs, with limited retracement, indicating an upward trend. The Bollinger Band width is 0.046614, indicating a relatively strong expansion. Prices are operating near the upper band, reflecting very strong short-term momentum; however, caution is needed for short-term overbought conditions that could lead to a pullback. The MACD and moving average system are arranged in a bullish alignment, showing that the upward momentum has not yet ended. The actual market buy volume is strong, and the technical trend remains healthy. The RSI has been in overbought territory across multiple timeframes, implying a short-term correction risk. However, when combined with DMI and fund distribution analysis, there is no sign of weakening in the influx of capital. The high-position high-amplitude movement is likely to continue pushing for new peaks. Active buying orders and the proportion of multiple accounts are high, especially with large holders' long and short positions, and account ratios both far exceeding 1, indicating strong influence of main market movers. Recent volume has been steadily increasing, with clear characteristics of a primary upward wave. Turnover and trading volume continue to hit new highs, with little downward pressure. Initial resistance is at 3674.43. If broken, the price may test higher levels around 3720. Support is relatively distant (S1 at 3099.6), with limited room for a pullback. It is recommended to follow the trend and go long with light positions, potentially chasing the rally within the 3680-3720 range. If a pullback occurs, watch for support at MA5 or MA10, with stop-loss below 3600. Short-term trading should be cautious of RSI overbought risks and avoid heavy positions on chasing highs.