Binance ETHUSDT 2h Trend Prediction

From the candlestick chart, ETHUSDT exhibits a stable upward trend, with the price anchoring on the 5-day moving average and climbing. The MACD shows a bullish crossover with positive values that are relatively high, indicating that the upward price trend remains strong and no trend reversal signals have emerged in the short term. The 24-hour trading volume is 7,804,072.692, reflecting an active market; the funding rate is positive, further supporting the bullish trend. Considering the strong bullish sentiment from large holders and a significant increase in open positions, the price may sustain a strong upward movement for some time. Attention should be given to resistance at R1 (3838); if broken through, further ascent to higher price levels is possible. It is recommended to adopt a short-term buy-the-dip strategy; if the price retraces to the support zone around 3713, consider deploying positions gradually. Be aware of the potential profit-taking among bulls, especially as the price approaches the upper Bollinger Band; appropriate stop-loss adjustments are advised. Take profit targets are suggested between 3838 and 3845 to prepare for potential oscillation or correction after the rally.