Binance ETHUSDT 1h Trend Prediction

ETHUSDT has formed a clear bullish trend on the hourly chart, with the price breaking through and running along the upper Bollinger Band. Both long and short positions, as well as the number of accounts, are predominantly skewed bullish. Funds and major institutional investors are highly engaged in the long side. MACD, moving average system, and Bollinger Bands all support further upward advances. Although RSI and KDJ indicate short-term overbought conditions, signals of strong trend inertia at high levels suggest that the main upward wave may not have concluded. Trading volume remains at high levels, with a clear preference from institutional players. Active buy orders are positive, supported by large account long holdings and a robust number of accounts, indicating short-term volatility with potential for a price surge. The primary short-term risk is technical overbought conditions. Strategically, if the price breaks above the Bollinger upper band with accompanying volume, it is advisable to follow the trend and add short-term long positions targeting the 3770-3800 range. Conversely, if volume expands but price stagnates or closes with a bearish candle, caution should be exercised due to potential pullback risks, and timely profit-taking is recommended. Key support levels below include the MA5 moving average (3720.65) and the Bollinger middle band at 3633.09. If short-term retracement tests these support levels without breaking them, holding long positions remains viable. Stop-loss strategies should be placed near the Bollinger middle band or below the MA20 line (around 3633). A break below these levels indicates the weakening of the short-term bullish trend. Overall, ETHUSDT continues to display strength in the short term, with the potential to break new highs. However, traders should consider taking partial profits at high levels and remain cautious of short-term overbought conditions and potential pullbacks.