Binance ETHUSDT 1h Trend Prediction

Comprehensive analysis of the current ETHUSDT market data indicates that the price is at 3539.64, testing the critical resistance area near the upper Bollinger Band at 3573.06. Technical indicators show clear divergence signals. Overbought signals are very pronounced: RSI6 reaches an extreme value of 100, RSI14 is at 84.24, both indicating serious overbought conditions. The J value in the KDJ indicator reaches 111.78, well above the 100 threshold. These suggest inevitable short-term technical retracement pressure. However, the MACD indicator displays positive signals: DIF at 4.56, DEA at -9.14, forming a clear golden cross, with the MACD histogram at 27.40 being positive and expanding, indicating that medium-term upward momentum still exists. The moving average system shows a bullish alignment: MA5 at 3486.36 exceeds MA10 at 3452.12; the price stands above all key moving averages, indicating a medium-term bullish trend. Nonetheless, short-term consolidation is needed to digest the overbought state. Regarding market sentiment, the large traders' long to short position ratio is 2.7758, the number of long versus short accounts is 2.3990, and the active buy-sell ratio is 1.1884, all indicating a bullish sentiment. Trading volume is moderate, and the funding rate at 0.0001 is positive, suggesting strong bullish willingness. Resistance and support analysis: the price faces dual pressure from the upper Bollinger Band at 3573.06 and the third resistance level at 3917.0. Support levels are located near MA5 at 3486.36 and the Bollinger middle band at 3459.68. Forecast for the next hour indicates that the price will oscillate within the 3480-3580 range. Breaking above 3580 requires increased volume; a drop below 3480 may test the support area at 3450-3460. Trading suggestion: currently, it is not advisable to chase the high. Waiting for a pullback to the 3480-3500 zone to seek low-entry opportunities is recommended. Set stop-loss below 3450, with take-profit targets around 3600-3650. Strictly control position sizes to prevent overbought correction risks.