Binance ETHUSDT 1h Trend Prediction

Recent price movements of ETHUSDT indicate signs of weakness, with a negative amplitude and no significant increase in trading volume, suggesting low market participation. Analysis of Bollinger Bands and RSI indicators shows the price near the middle band of the Bollinger Bands, with RSI at a relatively low level, indicating strong bearish momentum and a possible test of the lower band. Although the ratio of long to short accounts suggests a certain bullish sentiment, large holders are holding predominantly short positions, indicating that major market players are pessimistic about the price trend. This divergence may signal a potential price correction. The MACD indicator shows signs of a golden cross but remains negative on the longer cycle, reflecting insufficient overall momentum and a likely continuation of a weak downward trend in the short term. It is recommended that investors adopt a wait-and-see approach, considering short-term positions only when prices approach the support zone (3630-3670), with strict stop-loss measures to manage risks. Currently, there are no clear bullish signals, so a cautious monitoring stance is advised.