Binance ETHUSDT 6h Trend Prediction

ETHUSDT recent candlestick chart shows a strong upward trend along the MA5 and MA10, with active trading volume, indicating a clear bullish pattern. The support level is far at 2793, and there is no short-term risk of price falling below. The price movement is effectively constrained within an upper and lower boundary, with high amplitude in the higher range. The middle band of the Bollinger Bands at 3593.15 has been broken through by the price, suggesting a short-term upward attack towards the upper band at 3872.63. Coupled with the KDJ indicator showing extreme overbought conditions but no death cross and MACD bottom divergence signals, this indicates a short-term possibility of an accelerated peak rally. Large institutional long-short position ratio is very high (2.9207), with main capital actively increasing long positions. The responsiveness of long and short accounts is strong, and both retail and institutional investors are showing resonance in their upward attack momentum, increasing the probability of further rise. Although the RSI6 indicates extreme overbought conditions and technical correction pressure exists, the main force has a strong willingness to add positions. It is likely to see an initial rally towards the upper band or R1 resistance, followed by a pullback and consolidation. The support zone is notably above the moving averages. If the price breaks through 3857 (R1) intraday without significant volume indicating stagnation, the short-term target is to reach the resistance zone at 3870-3890. If encountering resistance and a correction occurs, support is at the MA20 at around 3593. Overall, the market remains oscillating with a slight upward bias. It is recommended to stagger entries during pullbacks, with a stop-loss below 3580. Trading suggestion: During pullbacks to 3620-3680, gradually buy in, aiming for the target zone of 3800-3870. If there is a strong breakout beyond the upper band at 3872, the market could potentially test the 4000 level, which should be confirmed with volume support.