Binance ETHUSDT 4h Trend Prediction

ETHUSDT is currently oscillating at high levels, with bullish momentum beginning to weaken. The RSI clearly indicates overbought conditions, suggesting a potential correction in the short term. Although large account holdings show a bullish bias, the number of accounts does not proportionally reflect this, indicating that retail investors are relatively cautious. The market may consolidate in the short term to confirm the direction. The upper Bollinger Band at 3879.65 forms a strong resistance with the current price. A downward adjustment may test the middle band at 3688.55 for support. Trading volume has not shown significant expansion, and market participants are maintaining a wait-and-see stance. Based on comprehensive indicators, ETH may continue to oscillate within the current range. It is recommended to confirm a rebound near support zones for long positions, while setting proper take profit and stop loss orders to mitigate market fluctuations. With ATR indicating low volatility, ETH lacks a strong directional drive, thus tending to maintain a oscillating trend. It is advisable to wait for clearer signals before establishing new positions.