Binance ETHUSDT 1h Trend Prediction

The recent price of ETHUSDT has retreated from high levels and has fallen close to the lower band of the Bollinger Bands, without forming a clear sign of a trend reversal. Based on the trend of 400 1-hour K-line candles, after the main upward wave ended, there was an increase in volume during the decline, indicating a short-term weakness. The moving average system is in a bullish arrangement, but MA5, MA10, and MA20 are significantly above the current price. The short-term death cross pressure is prominent, and a pullback is restoring the main trend. MA50 and MA200 are important support levels for subsequent moves, but there is still some distance from the current price, indicating strong short-term pressure. MACD and RSI across multiple cycles are all in a bearish state, showing that the downward momentum is still ongoing. Currently, there is no crossing above the zero axis nor any gold cross signs; a reversal is premature. Although RSI is oversold in the long term with a brief rebound possibility, the conditions for trend reversal are not yet met. KDJ is oversold, but the 'J' value has not stabilized and is rising again, so further downside risks cannot be excluded. It is recommended not to chase the rebound for now and to wait for a bullish divergence on the KDJ indicator before further observation. The large trader long-short position ratio and the number of accounts show a structural tendency for funds to buy on dips; however, the overall market's active buying and holding are biased towards the bearish side, resonating with the overall trend. The recent hour's trading volume has been large, but the amplitude is negative, indicating that main capital outflows are predominant. In the short term, a continued retreat towards the previous low of around 3525 is highly probable. If broken, attention should be paid to the support zone around 3313. Overall suggestion: The short-term downtrend continues. Watch developments cautiously; aggressive short positions can be added within the range of approximately 3580-3600 (when price is between current level and MA5), targeting support zones at 3525-3575. If a clear stop in the decline appears, consider short-term rebound strategies accordingly.