Binance ETHUSDT 1h Trend Prediction

Analyzing the current 1-hour chart of ETHUSDT, after a strong rally in the previous phase, the price has entered a high-range consolidation, with the Bollinger Bands opening moderately. The Percent B value indicates that the price resides in the lower-mid section of the band, suggesting short-term bullish momentum is waning. The MACD shows a short-term death cross, with the momentum histogram remaining negative. Simultaneously, RSI and KDJ indicators are both entering weak zones, which generally implies a higher probability of short-term correction or consolidation. The distribution between long and short positions indicates that major institutional traders remain predominantly long, but the growth rate of active buy orders and retail accounts has slowed, signaling insufficient new capital inflows and weakened upward momentum. Support levels are far below at S1 3311. There are no clear breakout points in the resistance area currently; the prevailing condition leans toward range-bound oscillation. A short-term trading strategy of buying dips and selling rallies is preferable. Below, monitor the 3680-3700 zone. A rebound after a decline could offer a light position for long entries. On the upside, short-term resistance lies between 3750-3760. If trading volume remains subdued, narrow-range consolidation is likely. Based on the comprehensive technical indicators, it is not advisable to chase quick gains or cut losses prematurely. Wait for a potential retest and stabilization of the price or a volume breakout before considering entry points.