Binance ETHUSDT 2h Trend Prediction

Analyzing the recent ETHUSDT market trend, the price has been continuously above the middle band of the Bollinger Bands, indicating an upward development trend. The strong performance of the MACD indicator, with no apparent signs of correction, suggests a substantial inflow of funds, supporting the upward movement of the price. Multiple time frame RSI indicators remain at high levels, although showing overbought conditions. Given the current extremely bullish market sentiment, the price may continue to operate at high levels for a period. According to exchange data, large account holdings are predominantly long, indicating that institutional funds are clearly bullish. The price is expected to attempt to test the upper targets in the near term. During the upward move, attention should be paid to the upcoming resistance level R1 (3940.81). If this resistance is successfully broken, the price could continue higher; otherwise, it may oscillate at high levels. It is advisable to remain cautious at the current high levels. After a slight correction, entering positions can be considered. Stop-loss should be set around 3620, with take-profit targets adjusted based on the target zone or further market sentiment observations.