Binance ETHUSDT 1h Trend Prediction

From a candlestick structure perspective, ETHUSDT has recently experienced a strong rally, with the price rapidly ascending to the upper band of the Bollinger Bands, accompanied by a sharp increase in trading volume, indicating short-term dominance by the bulls and a clear trend. Technical indicators show a MACD golden cross with bars continuously expanding, signifying strong bullish inertia and a high probability of testing new highs in the short term. The RSI and KDJ indicators are in overbought territory, which warns of potential pullbacks; however, the momentum for upward movement is expected to continue dominating the next hour. In terms of capital and sentiment, the holdings ratio of large traders and the number of long versus short accounts are both at elevated levels. The active buy-sell ratio and funding rate sustain a bullish structure. This indicates that the major market players are optimistic about further price appreciation, with strong short-term buying enthusiasm. Support levels are relatively distant from the current price, and the expansion of the Bollinger Bands' bandwidth further releases upward space. The high amplitude and increased volatility suggest the market is in a phase of a new trend breakout. Short-term risks include sharp oscillations following overbought conditions at high levels. After a price surge, caution is advised against rapid pullbacks. The suggested target range is 3380-3440. Once the high end of this range is reached, it is recommended to take profits to avoid potential profit erosion due to volatility. For short-term long positions, multi-entry can be implemented in phases after confirmation of a breakout, with a stop-loss set below 3320 (i.e., at the key support during pullback without breaching the middle Bollinger Band). On the 1-hour chart, ETHUSDT has sufficient upward momentum, with expectations to continue hitting new highs. Caution should be exercised against rapid volatility caused by overbought conditions during chasing rallies. Profits can be gradually realized in phases, and after a correction, re-entering long positions should be considered opportunistically.