Binance ETHUSDT 1h Trend Prediction

Based on candlestick chart analysis, ETHUSDT has been steadily ascending over the past approximately 400 periods, currently in a strong upward momentum phase, with no clear top formation observed. Price follows a staircase pattern along moving averages, and has consistently held above MA5 and MA10, indicating solid short-term support. The MACD bullish crossover shows no signs of bearish divergence, and the upward momentum remains intact in the short term. The RSI indicates the price is in a high momentum zone but not yet overbought, suggesting potential for continued upward movement at high levels. The Bollinger Bands show that the price still has room to rise towards the 3823 level, with the upper band acting as immediate resistance. Recently, volatility has increased, and trading volume hit a recent high, indicating active market participation. Coupled with large traders holding predominantly long positions, there is a high probability of breaking new highs in the near term. The KDJ indicator's J value is rapidly decreasing, alerting to potential high-level intraday fluctuations or short-term pullbacks. However, the main trend remains bullish. The DMI and ADX indicate that the current upward trend has not weakened, with significant capital support, reinforcing a bullish outlook. Considering the rise in 24-hour trading volume, the active buy-sell ratio approaching 1 but slightly bearish at 0.9856 suggests profit-taking activity above current prices. Short-term price movements may include upward spikes followed by pullbacks, but the overall trend favors upward breakthroughs. Support levels are clearly defined, with MA20 providing a primary line of defense during short- to medium-term pullbacks. Key resistance levels for the day are at the upper Bollinger Band around 3823 and the psychological threshold at 3850. Support is expected within the 3700 to 3720 range. Overall, ETHUSDT is expected to oscillate upward within the next hour. Should volume increase and price decisively break above 3823, a further push toward 3850 is possible. It is recommended to accumulate longs on pullbacks around the 3700 level, with a stop-loss set below 3680.