Binance ETHUSDT 1h Trend Prediction

The recent price of ETHUSDT has been steadily rising, with the candlestick chart showing a clear bullish trend, but within the 1-hour timeframe indicators have begun to diverge. The Bollinger Band's %b is near 0.62, and the price is approaching the upper band, implying some resistance. No strong breakout has been observed in the short term, indicating a predominantly consolidative correction overall. From the MACD perspective, a slight death cross has appeared, suggesting weakened momentum and a need for adjustment. However, no significant downward trend has formed, indicating that the short-term market is mainly oscillating. The RSI across multiple timeframes is significantly above 50, especially the 24-period RSI which exceeds 70, indicating recent overbought conditions and the potential for short-term consolidation or minor retracement. In the KDJ indicator, the J value is extremely low, typically suggesting exhaustion of momentum release, but the K and D lines have not fully turned down, leaving room for oscillations and repeated fluctuations. Regarding capital and order data, large institutional traders hold overwhelmingly long positions, indicating a bias toward bullishness. However, the active buy-sell ratio and the breakdown between long and short positions among accounts are diverging. Short-term retail traders remain cautious or observant, while institutions are engaging in high-level game-playing at elevated prices. Overall, ETHUSDT is expected to mostly fluctuate within a high range over the next hour. Resistance is around 3780, with support near 3680. It is advised to execute high sell and low buy operations within this range. Watch for any indicator inflections or significant increases in trading volume to identify potential directional shifts or breakout risks. Trading advice: conservative traders may remain on the sidelines or engage in swing trades that buy at the lows and sell at the highs. Aggressive traders can attempt small long positions at the lower end of the range, with stop-losses placed at 3670 and targets set between 3770-3780. If a rapid breakdown occurs, it is recommended to stay cautious and observe.