Binance ETHUSDT 2h Trend Prediction

The ETHUSDT price is currently approaching the upper Bollinger Band and above all short-term moving averages, indicating a potential formation of a consolidation pattern in the short term. Although the MACD indicator is in positive territory, the momentum appears somewhat weak, coupled with RSI nearing the overbought zone, suggesting possible sideways movement in the near future. The candlestick chart shows a recent prolonged upward trend, warranting caution against potential pullback risks at higher levels. Considering that trading volume does not indicate any breakthrough signals, the price is likely to remain range-bound at elevated levels in the short term, awaiting further signals. Investors should monitor price fluctuations between 4320 and 4420 to avoid chasing highs. Trading rationale: To prevent getting caught at high levels, it is more prudent to trade when RSI and KDJ indicators show resistance levels.