Binance ETHUSDT 2h Trend Prediction

ETHUSDT current price trend shows strong upward momentum, especially supported by MACD and moving average indicators, expecting the price to continue rising within the next 2 hours. The strong performance near the upper Bollinger Band combined with high RSI values indicates the market is currently in an overbought state, but caution is needed for potential overbuying phenomena. Trading volume remains stable, combined with a funding rate below zero, indicating current market participants tend to hold long positions. The large trader long-short position ratio shows that market funds favor long positions, increasing the likelihood of a rebound. Considering the support from current technical indicators, it is recommended to monitor key support and resistance levels, while observing market trend liquidity and changes. It is advisable to observe profit-taking opportunities as the price approaches the upper Bollinger Band, while remaining attentive to dynamic changes to avoid reversals caused by short-term volatility.