Binance ETHUSDT 1h Trend Prediction

ETHUSDT has recently experienced a significant rise, followed by a clear correction phase. The lower Bollinger Band is approaching, and the percent_b is extremely low, indicating short-term oversold conditions, but no strong rebound signals have appeared. The MACD bearish momentum has enlarged, and the short-term adjustment trend continues. The RSI across all periods is in the weak zone, especially RSI6 and RSI14, which have approached below 30, demonstrating extreme short-term weakness with potential for a technical rebound, although market sentiment remains relatively cautious. Bull-bear data shows divergence: institutional holdings are extremely skewed towards long positions, but active trading data, price action, and mainstream technical indicators all point to a bearish outlook. This suggests that the short-term bulls have not yet gained effective advantage, and caution is needed regarding large traders potentially inducing a fake rally or locking in profits early. Retail traders' sentiment currently dominates the market. The KDJ indicator shows a persistent death cross at low levels, reflecting market inability to push higher, with a high probability of oscillating downwards. The ATR and overall volatility are neutral, indicating that extreme unilateral moves are unlikely in the short term, favoring a weak decline seeking stabilization. Analysis of the candlestick chart shows that after a substantial upward move, ETH has entered a phase of profit-taking and consolidation, with no clear bottoming bullish candlestick or key support levels observed. The short-term trend mainly involves weak consolidation and impulsive decline. Overall, within the next hour, the market is expected to continue weak oscillation with a downward bias, targeting the 3460-3500 zone. A breakdown below this range or further decline may occur, but a volume-supported stabilization is necessary before a rebound. The recommended approach is to avoid chasing shorts; aggressive traders may consider short-term long positions once stabilization signals appear, but otherwise, it's prudent to remain on the sidelines.