Binance ETHUSDT 1h Trend Prediction

ETHUSDT exhibited explosive upward movement during the past 1-hour cycle. The upper Bollinger Band significantly widened, with the current price approaching the upper band. The bullish momentum remains strong without any signs of attenuation, indicating potential to continue pushing through the resistance zone above. Trading volume is active, with increased volatility. Coupled with the ratio of active buying and selling and the funding rate, the market still shows a strong short-term trend force to break higher. MACD, RSI, and KDJ Indicators simultaneously entered extreme bull territory, combined with large holder position ratios and account distribution, reflecting that institutional and retail funds are fully leaning bullish. The probability of further upward movement within the 1-hour timeframe is very high. Caution is advised regarding potential short-term retracement due to overbought conditions. However, under inertia-driven market movement, there is typically another wave of price gains before profit-taking phases begin. Support is expected around the 3356 level. As long as there is no volume-driven selling pressure, upward breakout is still anticipated. Recommended target price range: lock in between 3565-3605. Focus on whether volume can stabilize above the 3600 level. If broken through, further advances towards the 3640-3660 zone are expected. Short-term trading strategy: follow the trend for long positions, buy on dips, with stop-loss set at the MA20 or the middle Bollinger Band (approximately 3459). Partial profit-taking can be executed around 3600-3640 to avoid chasing high prices and encountering retracement. Main operation line: strong bullish configuration has been established. Based on bullish technical indicators and market capital structure, the outlook remains bullish for the 1-hour cycle. If signs of overbought correction appear, timely profit-taking is advised to mitigate risks.