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ETH/USDT is expected to fluctuate strongly in the range of 1642–1665, with the short-term trend keying on whether it can effectively stabilize around 1648. Currently, technical indicators (RSI around 62, MACD positive but momentum slightly weakening) show that bulls are dominant, but caution is needed regarding the retracement risk near the upper Bollinger Band (1650). If the price remains above 1648 and trading volume continues to increase, there is potential for further upward movement towards the 1665 area; if it breaks below the 1642 support, it may retest 1638 or even lower.
Comprehensive judgment suggests a bullish probability of about 70% and a bearish probability of about 30%. Short-term traders can pay attention to the support strength near 1648; if the price stabilizes and is accompanied by an increase in trading volume, they may take a small long position with a target of 1665 and a stop loss at 1642; if it breaks below 1648 and the MACD shows a clear death cross, a short position may be attempted with a target of 1638 and a stop loss at 1657.
Risk Warning: The ETH price is close to recent highs and the upper Bollinger Band, and there may be a rapid retracement during the session. It is recommended to strictly control positions and risks, closely monitor changes in trading volume, and assess trend continuity in conjunction with BTC's correlated movements.