Binance ETHUSDT 1h Trend Prediction

ETHUSDT has been continuously declining from its high levels, currently approaching the lower Bollinger Band. Short-term rebound momentum is insufficient, and candlestick patterns indicate the initial formation of a top. In terms of technical indicators, RSI6, RSI12, and RSI14 all enter oversold zones; MACD remains in a dead cross, indicating persistent bearish momentum, with the market dominated by downwards forces and weak short-term rebound capacity. KDJ values are all extremely low; J value shows a significant downward movement without a rebound, typically suggesting no immediate demand for a short-term rally. Market structure analysis shows that, despite the majority of accounts and large holders holding long positions, the active buy ratio is below 1, indicating decreasing actual buying power among funds, with more positions trapped at high levels or holding a wait-and-see stance. Volatility and ATR are at moderately low levels, indicating a short-term downtrend without extreme selling; DMI shows a dominant bear (DMI-) with a low ADX, making short-term declines easier and rebounds difficult, with no clear support levels. Support areas, based on S1 at 2930.99, are relatively distant; it is expected that prices will dip towards 3450-3530 for potential buying opportunities. Re-entry should wait for clear rebound signals before initiating long positions. Overall, current strategy should focus on defensive stance: maintaining minimal or no positions and following the bearish trend. Avoid over-anticipating bottoms; if the price falls below the lower zone, be alert to the risk of inertia-driven declines.