Binance ETHUSDT 1h Trend Prediction

ETHUSDT has been consolidating sideways at a high level in the past one-hour K-line, with Bollinger Band width narrowing and price approaching the lower band, reflecting a current stalemate between bulls and bears with no obvious breakdown of support below. The MACD shows a death cross but the downward momentum has not increased, indicating that the bears are not strong. The short-term RSI fluctuates around 40, indicating a market in a slightly weak technical correction phase, but there is no extreme overselling, suggesting limited downside momentum. The KDJ exhibits sharp fluctuations but no clear direction, coupled with moving averages intertwined, implying that the price is more likely in a consolidation range. Both long and short accounts and large holders’ positions show a bullish control, but active buying and selling volume and price have not managed to break through continuously, indicating that large capital is observing or locking in profits. The market lacks the driving force for a sustained breakout. Historical trends show that ETH tends to oscillate after consolidating at high levels, with volatility indicators (ATR) diminishing. The short-term market is likely to maintain a narrow range oscillation between the middle and lower bands of the Bollinger Bands. In summary, ETH is highly likely to oscillate and correct within the range of 3717 (Bollinger Band lower support) to 3770 (near the MA20 and middle Bollinger Band) over the next hour. It is not advisable to chase long positions at this time, nor to blindly short. A short-term strategy of watching or trading the range low buy and range high sell is recommended.