Binance ETHUSDT 1h Trend Prediction

ETHUSDT has been continuously rising recently, with both the short-term and multi-cycle moving averages exhibiting a bullish alignment, accompanied by increased volume. The large traders and the capital structure demonstrate strong bullish confidence. The upward push by the main funds has caused the candlestick to continuously reach recent highs. The Bollinger Band %B (percent_b: 0.89) indicates that the price has approached the upper band excessively. If the market inertia continues, there is potential to test and break through the short-term high. Additionally, considering the MACD and price momentum indicators, no obvious bottoming reversal signals have appeared. Although the high RSI and KDJ in the short cycle suggest a risk of overbought conditions, combined with various capital holding and momentum indicators, it is likely that the overbought state will see a modest inertial rally. After breaking above the upper band in the short term, divergence may occur; therefore, it is advisable to monitor whether there is significant volume with resistance around the 3780-3820 range showing signs of price stagnation. In the event of a sharp rally or volume stagnation, it is recommended to gradually take profits or reduce positions to guard against short-term pullbacks. Support levels are referenced near MA5 and MA10 (3729, 3697). If these are broken, one should consider adjusting long positions. Overall, within the next hour, ETH is expected to continue its inertial upward pressure, but risk control should be emphasized. Participating at high levels requires flexible management to prevent setbacks.