Binance ETHUSDT 1h Trend Prediction

Currently, ETHUSDT is near the lower Bollinger Band, with percent_b close to 0.24. Combined with the worsening MACD bearish momentum and a complete bearish moving average alignment, the current phase remains dominated by a weakness-driven decline, lacking effective signs of stabilization. Multi-timeframe RSI (especially RSI14 and RSI24) are in very low positions, indicating the market is significantly oversold, which suggests the potential for a short-term technical rebound. However, no clear volume-price confirmation has yet been observed. DMI indicates a dominant downtrend; the ADX above 32 reflects a pronounced trending market. Short-term panic selling or liquidation has not yet concluded. The KDJ main line is moving at low levels; although the J value has rebounded, overall momentum remains weak and insufficient to trigger a definitive reversal. This more likely represents an oversold rebound with limited strength. Support levels to watch include the previous low S1 (3616.53), the lower Bollinger Band at 3652.68, and three support zones at 3600 and 3505. Short-term, a drop below 3616.53 could lead to increased decline. While the long-short positioning ratio among major traders is extremely skewed towards longs, the market scene and short-term indicators are unbalanced. Caution is advised for large funds engaging in high-level position offsetting or short squeeze tactics. There is a risk of the dominant players inducing a surge followed by a rapid downturn. Historical volatility and amplitude are rising rapidly, indicating a high probability of testing support on the short-term. Majority of traders are recommended to stay on the sidelines; aggressive traders may attempt light long positions in the 3616-3650 range, awaiting a rebound. With larger positions, confirm a new trend before entering. If the price falls below 3600, prompt stop-loss measures should be taken.