Binance ETHUSDT 1h Trend Prediction

The current market exhibits sideways characteristics, with prices fluctuating near the middle band of the Bollinger Bands, providing certain buffer space for upward and downward movements. The RSI indicator shows overbought conditions in the short term, yet no strong profit-taking pressure is observed, and the market temporarily maintains a balanced state. MACD is positive and displays bullish momentum, reducing downward pressure, but no significant buying push is evident, suggesting short-term slight volatility may persist. Large holder position data and funding rates indicate a slight bullish bias; however, overall market buying and selling forces are relatively balanced. Considering the temporary stability of market liquidity, price movements are confined within the upper and lower Bollinger Band limits. It is expected that the price will oscillate within the range of 3014 to 3043 in the short term. For short-term trading, attention should be paid to breaks of the middle band and key support/resistance reversals before making operational decisions. It is recommended to control positions and avoid high-frequency trading.