Binance ETHUSDT 2h Trend Prediction

The current price is moving between the upper and middle bands of the Bollinger Bands, indicating that upward momentum remains ongoing. The MACD indicator shows a clear upward trend, complemented by a relatively high RSI, suggesting there is still room for short-term increases. The large traders' long-short position ratio is as high as 2.5011, indicating strong market confidence in further upward movement. The short-term moving averages are arranged in a bullish configuration, supporting continued price ascent. Despite significant volatility, trading volume ensures market participation, making further price increases likely. Trading strategy is to wait until the price nears the upper Bollinger Band to observe the extent of a pullback, confirming short-term upward momentum before considering additional positions. Stop-loss is recommended near the middle band of the Bollinger Bands at approximately 3642, to prevent rapid reversals. In the short term, monitor whether the price reaches the target zone of 3780-3820 and if there are signs of a pullback at the high levels.