Binance ETHUSDT 2h Trend Prediction

The current price trend of ETHUSDT shows a clear upward trajectory, with the upper band of the Bollinger Bands continuing to be challenged and broken through. The MACD has maintained a golden cross and continues to expand, indicating the recent upward momentum may strengthen. Coupled with high trading volume and capital inflow, these features support further price increases. High values of KDJ and RSI suggest a significant short-term overbought condition. However, considering market strength and large holder position data, the outlook remains bullish in the short term. Given that the bullish indicators and account count ratio suggest a predominantly long market, it is expected that the price will continue to challenge the over-4500 USDT range in the near future. Trading recommendation: Since ETH exhibits multiple technical indicators leaning bullish, caution is advised regarding potential pullbacks at high levels. Opportunities for continued long positions can be considered, with take profit set near the first resistance level at 4900. A prudent stop-loss should be placed below the current support at 4305.