Binance ETHUSDT 2h Trend Prediction

ETHUSDT is currently in an overbought state, with short-term funds pushing the price upward but showing signs of weakness. The Bollinger Bands are relatively wide, limiting rapid breakthroughs. The 4300 level is in the mid-upper range, with short-term resistance around 4400. The MACD has risen significantly, but the energy histogram at the top has slightly shrunk. The RSI and KDJ across multiple periods are in overbought territory, making them highly susceptible to triggering short-term corrections and resulting in oscillation and consolidation. Long positions are relatively high, but proactive buying momentum has weakened, indicating that bulls are gradually taking profits at higher levels and engaging in rotation. The expectation is that the price will repeatedly fluctuate between 4230 and 4400, consolidating before seeking a new direction. From candlestick patterns, after a continuous upward increase, a volume-driven oscillation has appeared. While volume supports the move, short-term energy cannot sustain explosive growth. The likely scenario is oscillation or minor pullbacks before reassessing the trend. Technically, if the price can hold above the MA20 and the middle Bollinger Band support zone of 4220–4240, the downside is limited. However, the risk of chasing the rise in the short term increases. It is advisable to wait and see or to execute range-bound buying low and selling high. Watch for support around the middle Bollinger Band and MA20 at 4220–4250. A break below this area would target the S1 support at 3805.85. Resistance is at R2 near 4505. Currently, breaking through these levels has a low probability. Trading suggestion: do not chase long positions in the short term; wait for a pullback confirmation. Operate within the oscillation range with a swing trading approach, and set stop-loss options below 4220.