Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a range-bound consolidation phase. Although the price hovers near the upper middle band of the Bollinger Bands, there are no signs of a breakout. It is expected to fluctuate between 3090 (short-term support) and 3160 (current upper Bollinger Band). High RSI and KDJ indicators emit short-term correction warnings. Despite buying interest amid extreme overbought conditions, momentum remains insufficient. MACD has not yet fully turned bullish, and a trend reversal requires confirmation. Market sentiment data shows bullish confidence (large holders' positions ratio at 2.85, long-short account ratio at 2.5). The active buy-sell ratio favors buying, but the trading volume lacks sustained upward expansion, indicating diminished willingness to chase highs. After digesting short-term profit-taking, the market may seek new directions. Trading volume and amplitude are within normal ranges, with no obvious signs of breakout. Combined with support and resistance levels, a significant breakout from the current range is unlikely in the near term. Considering technical indicators and capital flow profiles, short-term consolidation is more probable. Resistance above at 3160, support below at 3090. A breach below 3090 could lead to a test of around 2980. However, current market sentiment and capital flow suggest a higher probability of holding above 3090. Strategic suggestion: Avoid blindly chasing long positions. After a price retracement to the support zone, consider entering modest long positions. During consolidation, focus on high in and low out. A stop-loss is recommended below 3090. If a strong breakout above 3160 occurs, monitor the next resistance at 3239.