Binance ETHUSDT 1h Trend Prediction

ETHUSDT 1h chart reveals recovery from sharp breakdown (~$3220), now reestablishing positive momentum on high conviction volume and multi-timeframe bullish divergence. Bollinger Bands bandwidth at 0.0692 (elevated volatility), with price clustering near upper band, highlights expanding volatility with real odds of breakout above resistance zone ($3486-3500). MACD bullish crossover, rising histogram, and positive DMI+ (> DMI-) with ADX above 23, indicate a trending market with conviction. Candlestick pattern shows several long-wick reversal candles at lows, typical of end-of-sell-off accumulation. RSI readings show multi-frame overbought, but with sharp volume spikes and whale long bias, trend exhaustion is not yet confirmed. Bulls in control, but expect minor intrabar mean reversion/shakeout. Funding rates near zero (0.00002345%) show spot/futures basis is not overheated, reinforcing sustainable rally conditions. Support zone established at $3320-$3360 (recent low cluster). Target advance $3495-$3545, where previous breakdown resistance and Bollinger upper band converge. R1 resistance ($3486.28) is expected to be tested. Risk management: Ideal entry is on 1-3 bar retracement toward $3390-$3420 (MA zone). Stop-loss at $3320 (recent low/support), take-profit above $3510. If price fails to hold $3320, expect stronger downside flush. Volume profile: 24h volume remains elevated (5.98M ETH), confirming genuine market participation. Volume/price recovery cycle supports robust rebound conditions. Recommended action: Initiate partial long position on shallow pullback; monitor for breakout confirmation above $3480-$3500. If uptrend stalls at upper bands, lock gains and await next volatility cluster.