Binance ETHUSDT 1h Trend Prediction

The technical indicators for ETHUSDT currently show a strong upward trend, with the upper band of the Bollinger Bands not presenting significant resistance, suggesting the possibility of further upward price breakout. Short-term moving averages support the upward trend, and the MACD indicator is diverging upwards, indicating momentum for additional price increases. Although the RSI is in the overbought zone, the short-term market remains highly heated, and the bulls still hold the advantage. The number of long and short accounts is relatively small, but the open interest skew is bullish, indicating that large funds prefer to hold long positions with strong confidence. Expected within the next hour, the ETHUSDT price will fluctuate between 4260 and 4310, with weak upward pressure, possibly reaching this range before experiencing slight adjustments at the minor resistance levels. Trading suggestion: Closely monitor market changes. If the bullish momentum weakens or trading volume increases but cannot break through, it is advisable to adopt a cautious wait-and-see approach. If the price breaks above the upper boundary of the range supported by volume, consider short-term follow-up positions.