Binance ETHUSDT 2h Trend Prediction

ETHUSDT has shown a predominantly weak fluctuating pattern in the past 2 hours, with the current price hovering near the lower Bollinger Band but not breaking through, indicating some support; however, indicators such as MACD and RSI have not yet shown clear reversal signals, suggesting the short-term remains under correction pressure. The moving average system displays MA5 = 3686.35, MA10 = 3698.21, MA20 = 3738.71; the current price is below the short- and mid-term moving averages, and the MA5 and MA10 have formed a short-term death cross, creating immediate resistance above. Large institutional positions are slightly bullish, but active buying and selling ratios are insufficient, and trading volume has not significantly expanded, reflecting a cautious market sentiment with a prevalent wait-and-see attitude and a lack of cohesive bullish momentum in the short term. The candlestick chart shows a clear pattern of high-level consolidation and pullback; although there is some support after a short-term dip, a quick rebound has not yet formed, and the trend structure remains oscillatory. Supports and resistances are mainly located near the lower Bollinger Band (3632) and R1 (3674-3710) zone, with a high probability of oscillation within this range. Overall, it is likely that ETHUSDT will trade sideways within the 3630-3710 range over the next 2 hours; cautious observation is recommended. If the price breaks below the Bollinger Band lower boundary, further downward movement should be monitored; if trading volume increases and the price climbs above 3710, an upward reversal may occur. Currently, it is advisable to remain on the sidelines or to consider light short-term long positions at lower prices, with a stop-loss set below 3620.