Binance ETHUSDT 1h Trend Prediction

Based on the 400 candlestick trend, ETHUSDT has recently experienced a sharp rise followed by high-level consolidation, with volume failing to continue expanding, indicating polarization of momentum. The candlestick chart shows short-term pullbacks but clear signs of rebound, gradually entering a range-bound state. The Bollinger Bands width has contracted and the price is close to the middle band, indicating an unclear trend. The above Percent B indicator shows that prices mostly move within the range, making it difficult for short-term prices to directly break above or below the bands. Although the MACD histogram is positive, the main line remains below the zero axis, representing short-term indecision between bullish and bearish forces, preventing the formation of a one-sided trend. The RSI and KDJ are at high levels, suggesting the short-term momentum for upward movement is waning, possibly leading to a pullback. In the bullish and bearish data, large account holdings show a clear advantage, with the number of bullish versus bearish accounts being relatively high, but active buying interest is moderate, indicating limited retail chasing prices. The main force may be offloading in batches or enticing buying in the market. Volume performance is stable, with no significant surge necessary for a breakout, indicating a high probability of range-bound consolidation. Support and resistance level analysis shows that, in the short term, 2982 is a strong support level, and 3070 is a strong resistance level. The space is limited, and a breakout in either direction would require confirmation through volume and the behavior of major traders. Overall, short-term operations should avoid chasing highs or selling lows. Focus should be on range trading, with an expected range between 2990 and 3070. If support is broken or resistance is surpassed, strategies should be adjusted accordingly. It is recommended to stay on the sidelines or engage in high-probability buy low and sell high actions. Stop-loss is suggested below 2980, and take-profit above 3070.