Binance ETHUSDT 30m Trend Prediction

The recent candlestick trend of ETHUSDT demonstrates a decisive main upward wave structure, with the bullish side holding an absolute advantage during trading. The price has continuously broken through multiple moving average resistances, with no signs of effective pullbacks. The upper band of the Bollinger Bands (4157.18) is being tested repeatedly; the current price exceeds the upper band. Coupled with band width expansion, this indicates the market is undergoing a breakout trend, with short-term prospects to further ascend. The RSI is in extreme overbought territory but has not shown signs of divergence or weakening, reflecting market sentiment is overly exuberant. Although the overbought condition warrants caution for short-term pullbacks, the dominant upward momentum under a strong breakout remains the primary driver. The MACD red histogram continues to lengthen, indicating persistent momentum that has not waned, suggesting the current bullish trend has not peaked and a higher high in the near term is likely. Both the large account holding ratio and the number of accounts point toward continued accumulation or holdings by institutional funds. There are no signs of frontline traders easing their positions, indicating sufficient backing from market funds behind the movement. Although the KDJ indicator is above 70, it has not shown a significant turn-down. When combined with a bullish MA alignment, it can be judged that this breakout possesses inertia. However, it is important to note that the short-term gains have already been sizable (24-hour amplitude of 6.271%, volatility of 0.0067), and trading volume has been steadily increasing, implying active capital inflow. The key support level below is around 4055 (MA20 and Bollinger middle band). As long as there is no rapid volume-driven collapse, it is still possible to expect a trend-following rise to test new short-term highs. Strongly recommend chasing the rally with proper risk controls. Caution should be exercised if volume-price divergence, large bearish candles, or MACD death cross signals occur, and take profit accordingly. The targeted zone is between 4180 and 4240, where it is expected that after this rally, the price will consolidate or encounter resistance within this range.