Binance ETHUSDT 1h Trend Prediction

ETHUSDT has experienced oscillating downtrend within the past 1-hour candlestick chart; technical analysis indicates short-term weakness. The lower band of Bollinger Bands provides some support, but the price deviates significantly from the midline and approaches the lower band, which may trigger a new round of downward exploration. The MACD indicator shows multiple parameters being negative, and the MACD histogram continues to shrink, indicating short-term bearish market sentiment is building. RSI and KDJ are both in weak zones with no clear signs of rebound, making it difficult to form short-term bullish momentum. While the large-value trading account long-short position ratios and account ratios appear bullish, the active buying and selling ratio is below 1, suggesting insufficient proactive long positions in the short term. Bearish confidence is relatively weak, which may instead foster market expectations of decline. Although substantial capital is positioning for an upward trend, current volume and trend support are inadequate for price increases. DMI and ADX indicate a strong slope of the current bearish trend; volatility (ATR) remains relatively high, warranting continued caution for significant short-term fluctuations. The key support level S1 is at 3525.72, providing some room before current price levels. It is expected that within the next hour, the price will test the lower Bollinger Band (3647.54) and its support below, with a potential rebound occurring only after a retracement, possibly restoring oscillation. If a significant volume-increasing bullish candlestick appears and breaks above MA5/MA10, it can be viewed as a sign of stopping the decline. Currently, it is advisable to remain on the sidelines; aggressive traders may consider short-term short positions with a stop-loss set above MA10 (3689.55). Overall assessment suggests ETHUSDT will continue to weakly oscillate downward in the short term, targeting the range of 3620-3650. Close attention should be paid to support near 3647; if broken, additional downward space will open.