Binance ETHUSDT 1h Trend Prediction

Currently, ETHUSDT is in a strong trending upward phase. From the candlestick chart, the price has been steadily climbing since around the 2600 level, with recent acceleration leading to a breakthrough of the 3700 key psychological level. The upper Band of Bollinger Bands has been tested multiple times without significant pullback, and the percent_b indicator shows ongoing upward momentum. The MACD shows a confirmed golden cross, with the histogram bars steadily increasing, indicating short-term bullish dominance in the market. Although the short-term RSI is high and in overbought territory, no signs of top exhaustion or notable divergence are observed. Combining on-site data indicating major traders' bullish bias and active buying strength, market confidence remains strongly bullish. Any retracement is likely to be a brief technical consolidation near the MA5-MA10 moving averages before further upward movement. DMI and ADX indicators demonstrate a robust trend, with the primary trend continuing upwards. The market has not entered extreme panic, risk premiums are low, and the probability of ongoing upward price movement remains high. Despite signs of overbought conditions in technical indicators, the strong momentum at high levels suggests continued short-term bullishness, targeting the 3770-3810 range. A pullback to the MA5 line (around 3720) could provide another opportunity for upward advances. In short-term trading, position control is recommended; avoid chasing high leverage. Profit-taking can be set around 3800-3810. If a sudden market pullback occurs, pay attention to support levels at the MA10 and the middle Bollinger Band (around 3700). Breach of these levels should prompt consideration of stop-loss measures. Overall strategic suggestion: The current ETHUSDT short-term upward trend is strong. The short-term bullish momentum is likely to persist, and trend-following longs are advisable. However, as the trend advances, be cautious of rapid retracements following profit-bookings. Do not chase blindly; strict adherence to profit-taking and stop-loss is recommended.