Binance ETHUSDT 1h Trend Prediction

ETHUSDT current price is 3117.82, approaching the middle band of the Bollinger Bands. The upper and lower bands at 3086.07-3136.18 form a primary consolidation zone, indicating limited short-term volatility as per technical indicators. The MACD golden cross suggests previous bullish attempts; however, trading volume has not continued to expand, and overall volume remains relatively stable, indicating that the main funds have yet to develop a single-sided breakout trend. The RSI in the short term is relatively high but remains flat in the medium term, reflecting that the price has some upward momentum but faces resistance above, lacking further upward driving force. The large traders' long-short position ratio and the number of accounts are both above 2.4, indicating a clear bullish sentiment among major players. However, the active buy-sell ratio is below 1, suggesting that some funds are still taking short-term profits or waiting on the sidelines, leading to considerable market divergence. Support and resistance zones are clearly defined: the first resistance at 3221-3308, and support at 3017.64-3086. In the next hour, the probability of breaking the upper band is low, with price largely oscillating within the 3086-3136 range. The candlestick pattern generally shows a sideways upward undulation, with recent highs retraced and the market entering a consolidation phase. Short-term trading should focus on high sell and low buy strategies, as chasing highs or lows carries higher risk. Based on comprehensive analysis of technical indicators and major trader data, there is a noticeable tug-of-war between bullish and bearish forces. It is advisable to adopt a range-bound trading approach within the 1-hour timeframe. If the price pulls back to 3086 without breaking below, short-term longs are possible; if resistance around 3136 is encountered during an upward move, short positions can be considered. Stop-losses should be strictly placed at the upper and lower boundaries of the range, awaiting further clarity on the main trend before initiating new positions.