Binance ETHUSDT 2h Trend Prediction

Currently, the ETHUSDT price is around 3656.93. Based on Bollinger Bands observation, the current price is above the middle band, and may fluctuate within the upper band and middle band range. The MACD indicator shows a strong upward trend, but the KDJ indicator indicates short-term consolidation, which may limit further rapid price increases. The RSI indicator's neutral position suggests that the market currently has no extreme bullish or bearish sentiment, imposing some restrictions on large price swings. Large holders' positions are leaning bullish, supporting a mid-term optimistic trend. However, due to reduced volatility, short-term movements may manifest as sideways consolidation. The ratio of active buying to selling and the number of long versus short accounts show bullish market sentiment, but not enough to trigger a significant breakout. Overall, the recent upward momentum over the past few hours has been accompanied by some absorption, so it is expected that ETHUSDT will remain within a 3610 to 3720 range for the next 2 hours. Investors are advised to wait and see or accumulate on dips, and to closely monitor market dynamics and capital flow changes.