Binance ETHUSDT 2h Trend Prediction

The current ETHUSDT price is around 2911. The short-term candlestick chart shows an overall downward trend, but the short-term price has approached the lower end of the range, in the middle to lower Bollinger Bands, with the bands narrowing, indicating limited possibility of a substantial downward move in the near term. MACD remains negative, indicating that the current downtrend has not changed, but the convergence of DIF and DEA suggests a slowing of bearish momentum release, and KDJ indicates that the momentum has entered an oversold correction, with limited downside space in the short term. Multi-timeframe RSI distribution shows short-term lows, reflecting short-term overselling but insufficient rebound strength. Coupled with a predominantly long position bias among traders and institutional holdings, this indicates that some major funds have begun to cautiously test long positions. However, the active buy/sell volume and account distribution show that funds have not entered in large scale, maintaining a cautious ranging pattern. Overall trading volume is relatively balanced, and the slight negative funding rate also confirms limited short-term bearish sentiment. Institutional large accounts have a much higher long-short ratio than market average, implying that some strong funds expect a bottom region, but no consensus-driven rally has formed yet. Distribution of support and resistance points within the range is sparse, with S1 located at 2620, but the current price is significantly above this level. For short-term oscillation, reference can be made to the Bollinger Bands and MA channels (range 2880-2945). If breakthroughs occur, attention should be paid to changes in volume and capital flow. Short-term strategy mainly involves range trading and buying on dips, avoiding chasing shorts. Stop-loss can be set below 2880; if effectively broken downward, adjust the strategy. Target resistance is at 2945; an effective breakout requires confirmation of active capital inflow. Since current indicators mainly show a oscillating recovery pattern, the main risk lies in the potential lengthening of the range consolidation if volume does not cooperate. It is advisable to keep a light position with high alert, wait for market signals to increase positions. Capital safety remains the priority.