Binance ETHUSDT 2h Trend Prediction

ETHUSDT price approaching the upper Bollinger Band, typically indicating potential resistance and oscillation within a range. MACD indicator is positive and trending higher, but caution is advised as RSI approaches overbought territory, which may lead to short-term consolidation. Long and short account ratios along with open interest data suggest the market sentiment is relatively optimistic, yet a cautious waiting attitude prevails, and there is a lack of clear momentum for breakout. Current trading volume shows stability without signs of significant upward movement; the market is expected to continue consolidating between support and resistance levels. It is advised to wait for clearer signals before trading, paying special attention to support at Bollinger Bands and moving averages; any reversal signs should be handled cautiously. The short-term strategy is mainly to observe and seek low-position entries after pullbacks, with careful risk management.