Binance ETHUSDT 1h Trend Prediction

ETHUSDT, after a strong upward move, is currently entering a correction within the 1H timeframe, with noticeable signs of pullback on the candlestick chart. Despite high trading volume, there is no clear indication of reversal momentum. Technical indicators are broadly bearish, with Bollinger Bands near the lower band, and all moving averages turning downward. The price has already broken below short-term moving averages (MA5, MA10, MA20), indicating short-term failure. The MACD is in a death cross with expanding histogram, suggesting weak short-term rebound momentum. Although large holders' positions and the number of accounts are relatively high, the active buy/sell ratio is only 0.88. Market-driven funds appear to be focused on short-term distribution. Moreover, large holders' long and short positions are most likely driven by short-term speculation and do not constitute effective medium-term support. The RSI remains in oversold territory consecutively, indicating the market is in a bearish mood. While technical rebound potential is increasing, the overall trend remains downward (caution advised regarding rebound strength). The KDJ indicator shows a bearish alignment with the J line at a very low level, signaling a downtrend. Support levels to watch in the short term include S1 (2930.99), which still provides theoretical space; however, considering ATR volatility and recent market behavior, a potential stabilization or pause could occur in the 3430-3480 range. Short-term traders are advised to be cautious when chasing short positions. Summary: ETHUSDT is highly likely to continue a weak sideways to downward correction within the 1-hour timeframe. It is recommended to reduce positions at higher levels or to consider shorting on rebounds. When price approaches the aforementioned support zone, partial profit-taking or watching for short-term rebound opportunities are advisable.