Binance ETHUSDT 1h Trend Prediction

Currently, ETHUSDT is on an upward trend; the Bollinger Bands and moving average indicators show the price gradually approaching the upper band during the rising trend, with increased volume reinforcing this movement. The MACD indicator exhibits strong golden cross signals with a good upward momentum, supporting a bullish outlook. Although the RSI indicator shows overbought levels, there is currently no significant correction pressure; sustained volume could lead to further gains. The large holder position ratio indicates funds are chasing bullish opportunities, while the active buy-sell ratio remains in a lower range, demonstrating that the market still has substantial buying power support. Price has broken through the short-term moving average range and may test the resistance near the MA50. Technical indicators suggest the bulls have the advantage, and the price may further challenge the resistance zone between 3290 and 3320 within the next hour. Based on market sentiment and technical indicators, short-term trading should focus on holding and observing, with anticipation of a price break above 3300 USDT to enable further entry. A stop-loss is recommended at 3230 USDT; a break below this level may signal a reversal downward.