Binance ETHUSDT 6h Trend Prediction

ETHUSDT is currently in a strong oscillating upward channel. The price has broken above the MA20 and the midline of the Bollinger Bands. After a brief pullback, there is potential for further expansion towards the upper Bollinger Band (3870.83). Although RSI6 is in an extremely overbought condition, the medium-term indicators such as RSI14 and RSI24 are not simultaneously overbought, indicating that the market, while strong, does not face a deep correction risk. Any minor pullback can be absorbed. MACD divergence at the bottom and the red histograms suggest that the downward momentum has significantly weakened, and the bulls may push toward new short-term highs. The KDJ indicator's three lines are at high levels, but large funds' holdings and account share ratios are significantly ahead, indicating a strong bullish capital advantage with a high likelihood of breakout. The active buy-sell ratio is close to 1 (0.98), showing a tug-of-war between bulls and bears, but capital appears slightly biased toward the bullish side. On the support and resistance front, R1 resistance is at 3857.82, and S1 support is far from the current price, indicating more upside space and a solid foundation for downside support. Regarding moving averages, the difference between MA50 and the current price is only 20-30 points. Breaking above this level would provide additional momentum for the price to climb. ATR and ADX indicators show that market volatility remains strong, and momentum has not significantly diminished. Overall, it is expected that ETHUSDT will continue its bullish trend over the next 6 hours, targeting a range upward to 3760-3880. In case of a brief correction, focus on the 3650-3580 support zone. The overall strategy remains to buy on dips, while strict risk control is necessary when chasing high prices.