Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently fluctuating near the middle band of the Bollinger Bands, with percent_b at 0.69. The price has not yet broken through the upper or lower bands, indicating the market is in a sideways consolidation phase with a short-term lack of breakout momentum. According to MACD, although there are signs of a short-term golden cross and MACD is positive, DIF and DEA are negative, implying weak rebound sustainability. RSI 14 has risen to a relatively high level, combined with recent significant volatility and technical indicator correction, increasing the likelihood of short-term consolidation at high levels. Volatility indicators (ATR, volatility) are relatively low, suggesting limited market trading enthusiasm and a low probability of large-scale breakthroughs. Both long and short positions, along with major account holdings, are predominantly bullish, but the amplitude is negative, indicating that although bullish forces exist, there is limited willingness for upward continuation. Support and resistance levels are clearly delineated: 2761 is a significant support, while 2835 marks the upper Bollinger Band and intraday resistance. It is expected that within the next hour, the price will oscillate within this range for consolidation. Trading suggestions: In the short term, avoid chasing price increases or engaging in rapid reversals. It is recommended to observe and wait for a clearer trend. If a pullback touches the support without increased volume and breaks down, consider small positions for low-range buying with strict stop-loss settings. Main strategy should be to operate in harmony with the trend upon a confirmed breakout above 2835 or a decline below 2760.