Binance ETHUSDT 6h Trend Prediction

ETHUSDT has recently experienced significant volatility, with the price falling from a high near 4600 to around 4400. The candlestick chart shows a short-term retracement and entering a range-bound consolidation. The Bollinger Bands' upper, middle, and lower bands are clearly distributed, but no breakout or convergence signals have appeared. The price remains in the lower-mid range, with no strong unilateral trend signals at this time. The MACD indicates a weakening short-term momentum but has not formed an absolute death cross, implying that after a decline there may be a short-term retracement, and the overall trend is in a sideways consolidation phase. The RSI over a very short period (6) has fully indicated a retracement, with limited room below. The RSI for periods 14 and 24 remains in a neutral to slightly bullish zone, showing no persistent selling pressure. Large holders' long-short position ratio is extremely high, suggesting that some major funds remain bullish. However, retail traders' short-term sentiment is gradually becoming more cautious, and after increased volume, trading activity has cooled down. The KDJ indicator is severely oversold. Even if there is some rebound momentum in the short term, it is unlikely to produce a substantial rally, mainly consolidating at lower levels. Support and resistance point S1 is far below the current price, indicating that a breakout is unlikely in the short term, though the market does not specify a clear upward target. The 6-hour timeframe expects range-bound oscillation. Traders are advised to buy low and sell high within the 4300-4500 range, avoiding blind chasing of rallies or panic selling. Attention should be given to further changes in capital flow and potential MACD momentum reversals.