Binance ETHUSDT 1h Trend Prediction

Current ETHUSDT is continuing to retrace; the candlestick chart shows a decline from a high point with oscillating downward movement and a lack of significant rebounds. The lower Bollinger Band has been tested multiple times, indicating that support below may be at risk of being broken. The MACD indicator continues to decline without any signs of convergence, dominated by a bearish trend. Both RSI and KDJ indicate heavy selling pressure, but the bearish sentiment has not yet been exhausted; the probability of a short-term oversold rebound remains low. Although large account holdings are relatively bullish, active buying and selling ratios are skewed towards the bearish side (0.8610), and combined with low KDJ and RSI levels, suggesting funds have yet to drive a rebound. Instead, leveraged long positions being squeezed may trigger further downward moves. The moving average system shows a bearish alignment, with the current price breaking below the MA5, MA10, and MA20 levels consecutively. Short-term momentum is downward-dominant, and there are no clear signals of buying interest from technicals. Support is around 3525; although the downside potential is limited with about 1-2% volatility, breaking below the 3650 area would test previous lows at 3570 and the strong support at 3525. ATR is relatively moderate, indicating volatility is not extreme, which favors short positions. Clear short-selling opportunities exist. Stop-loss can be set around the middle Bollinger Band (~3700). A lack of upward momentum will likely lead to continued decline. Overall judgment indicates continued decline over the next 1 hour. Short positions are recommended around the 3570-3650 area; once broken, partial profit-taking can be considered. Long positions should be temporarily on hold, awaiting full exhaustion of oversold conditions before seeking rebound opportunities.