Binance ETHUSDT 1h Trend Prediction

From the candlestick perspective, ETHUSDT has experienced a rapid ascent recently followed by a quick pullback. Currently, the price has moved away from the middle Bollinger Band and is significantly close to the lower band, indicating a potential trend breakdown and a bearish technical outlook. The MACD bearish momentum continues to strengthen, with the DIF crossing below the DEA and the green histogram bars expanding, suggesting further downside potential in the short term. The RSI across multiple timeframes remains in oversold territory, with no significant rebound signals despite the oversold conditions, implying that market funds are in a wait-and-see mode with increased selling pressure. The KDJ indicator is extremely weak, with the J value approaching 0. Combined with other technical indicators, this reflects a lack of rebound momentum and a high risk of reversal or further decline. From a capital perspective, while large institutional traders hold substantial long positions, the overall market’s active buying intent remains weak. Actual trading activity has diminished, indicating that the market may still be in a short-term correction phase. In terms of trading volume, there has been no noticeable surge indicative of a strong rebound, highlighting cautious market sentiment. In summary, it is unlikely that ETHUSDT will quickly reverse its downward trend in the short term. It is expected to sustain a sideways to downward oscillation within the 3450-3500 range over the next hour. Trading strategies such as short-term high selling and low buying or remaining on the sidelines are advised until a clear reversal signal emerges.