Binance ETHUSDT 1h Trend Prediction

The current ETHUSDT price is oscillating between the middle band and the upper band of the Bollinger Bands, indicating market uncertainty regarding the current price. The MACD indicator is negative but shows an upward trend, suggesting potential sideways upward movement in the future. The RSI indicator value indicates that the market is in a relatively balanced state, not displaying extreme bullish or bearish momentum, supporting a range-bound forecast. Market funding rate is positive, reflecting that market participants holding contracts are paid interest; a high funding rate may trigger short-term volatility. Analysis of large trader position ratios indicates a bullish market sentiment, but caution is advised due to the risk of sudden reversals caused by over-leverage among large traders. Until a clear bullish breakout signal forms, it is recommended to trade within the 3020-3050 range, monitoring the effectiveness of support and resistance levels to prevent false breakouts.