Binance ETHUSDT 6h Trend Prediction

ETHUSDT has been consistently rising over the past few weeks, with the current price situated above the moving averages, indicating a strong market trend. The MACD has formed a golden cross and is in positive territory, providing a bullish signal that typically suggests further upward movement. The RSI indicator is operating at high levels, slightly overbought but still indicating robust buying pressure. The proportion of long and short positions held by major traders exceeds 1, showing a bullish stance from the main capital, which generally signifies higher confidence. The amplitude and volatility indicate relative market stability, making the continuation of an upward trend more likely. Considering that the overall technical indicators lean towards a bullish setup and the market's buying force is strong, prices may continue to rise in the short term. Operational strategy suggestion: consider entering position when the price retraces near the short-term moving average (4236.47), targeting around 4350. Risk management: set stop-loss at approximately 4200 USDT to guard against short-term volatility, and target profit at 4350 USDT, monitoring resistance levels.