Binance ETHUSDT 1h Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a clear overbought state. RSI6 has reached an extremely high level of 85.97, which historically is often accompanied by a short-term correction. The price is approaching the upper band of the Bollinger Bands, facing technical resistance. From candlestick chart patterns, after experiencing a substantial rally, signs of high-level consolidation have appeared; the recent candlesticks have small bodies with longer upper shadows, indicating weakening bullish momentum and emerging bearish involvement. Although the MACD indicator's DIF remains positive, the gap with DEA is narrowing, and the MACD histogram stands at 16.32, which, while positive, shows a slowdown in momentum, suggesting insufficient upward strength. Market flow data shows a proactive buying and selling ratio of 0.8315, below 1, indicating that the current market selling pressure significantly exceeds buying interest, corroborating the overbought signals from technical indicators. Support and resistance analysis shows that the resistance level above current prices is at R1 of 3397.5, which is relatively distant; it is more likely that the price will retrace to around the 3213.6 level of MA20 to seek support. Trading recommendations: Do not chase longs at the current position; wait for a pullback to the 3200-3220 range to observe for support confirmation. Set stop-loss above 3280, and target profits in the 3200-3240 range. Risk warning: Although the overall trend remains bullish, short-term technical indicators have issued a clear overbought warning. Investors should control their positions and avoid chasing at high prices, waiting for better entry opportunities. From a volume perspective, despite a relatively large 24-hour trading volume, recent candlestick charts show shrinking volume, indicating weakening bullish momentum and supporting a short-term correction view.