Binance ETHUSDT 2h Trend Prediction

ETHUSDT in the current 2-hour period demonstrates a strong upward trend, with MACD forming a bullish crossover and RSI remaining at high levels without clear signs of a pullback, indicating that the price is expected to break above the resistance level in the short term. The Bollinger Bands indicate that the price is about to break above the upper band; if trading volume continues to increase, further upward movement and potential breakouts can be anticipated. Large traders' long positions are predominantly bullish, implying significant market capital support for short-term upward potential. Price may encounter resistance around the resistance zone (R1) at 3940.81; however, considering the current strong market momentum, a breakout could enhance short-term upside potential. It is recommended to adopt a cautious yet optimistic approach to short-term trading, considering positioning longs near the upper support levels to mitigate the risk of unexpected pullbacks. If the current resistance is broken, the target zone above could be around 3850; traders should be alert to possible brief and intense volatility at high levels and consider setting stop-loss orders near the lower support level S1.