Binance ETHUSDT 1h Trend Prediction

Combining candlestick chart analysis, ETHUSDT has recently experienced a significant surge, followed by an evident intraday pullback. The current price is close to the lower Bollinger Band, indicating short-term resistance. MACD has turned negative, and the DIF has crossed below the DEA in a death cross, suggesting the market has just entered a correction phase, with downward momentum releasing, but no signs of a reversal have been observed. Both RSI and KDJ indicate oversold conditions; although technical rebound expectations exist, current volume and active buyers are not strong, with the active buy/sell ratio below 1, indicating selling pressure has not eased. The long-short account ratio and large traders' holdings are leaning towards bullish, but are unable to offset the overall market weakness. Main capital is locked in, with a wait-and-see attitude, implying short-term further dips are possible. Recent support levels are primarily around MA5 (3564) and MA50 (3489). If these are broken, the price could extend downward into the 3480-3530 zone, so caution is needed to prevent further decline after breaking a key support. Volatility indicators and ATR are declining, indicating significant reduction in main trading positions. Short-term sentiment is increasingly cautious, with a market lacking proactive rebound enthusiasm. Trading strategy: Bulls should avoid blindly entering positions; wait for a pullback to around 3480 and monitor for rebound signals. Consider scaling into longs if stabilization occurs; strictly cut losses if support is breached. Bears may attempt light shorts within the declining range, but caution against oversold rebound squeezes. High risk involved, position sizing should be managed carefully.