Binance ETHUSDT 6h Trend Prediction

The overall daily and 4-hour K-line charts are positioned in the upper part of a clear upward channel, but short-term cycle indicators (such as MA5/MA10, RSI6) suggest that after this rapid upward move, the short-term is oversold, indicating a need for technical correction or consolidation, while medium- and long-term RSI support indicates that prices are unlikely to drop sharply. The MACD histogram is shrinking, indicating that market momentum is waning, making it difficult to sustain strong upward pushes. The bulls and bears are in a stalemate, the Bollinger Bands have a width of 0.20, which is relatively wide, but recent fluctuations are mainly within a range, suggesting the market is unlikely to break through key resistance levels (4740-4794) in the short term. In terms of market funds, large institutional holdings are predominantly long, while smaller accounts show disagreement, indicating limited downside potential. There is strong support below, but overall market sentiment remains cautious, with limited upward momentum. Short-term consolidation within a range of 4500-4740 is likely. In case of unexpected volatility, short-term support levels are at the middle Bollinger Band and MA20 line (around 4570). Strong support is at S1 (3353), but it is unlikely to be reached easily. The first resistance R1 is at 4794, which is also difficult to break in this cycle. Trading strategies should focus on range-bound operations, entering long positions at 4500-4570, with profit-taking at 4740-4790. It is not recommended to chase rallies or sell-offs in the short term to avoid shakeouts in the market.