Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a downward fluctuation, with the Bollinger Bands showing the price approaching the lower band, indicating weak market sentiment. The MACD indicator is negative and the DIF is below the DEA, demonstrating that downward momentum is still intensifying, and the current market trend remains downward. From the RSI indicator, the RSI is operating in a lower range, and the market has entered an oversold condition, but no strong rebound signs are observed. The short-term moving average alignment indicates a bearish trend, with a higher likelihood of further price decline. Support and resistance levels include S1 and S2 positioned at 3505.0 and 3476.1 respectively, providing short-term support. Overall trading volume does not show abnormal fluctuations; the market is seeking a new equilibrium, and the oscillation range may continue to shift downward toward the support area. Based on technical analysis, traders holding positions should monitor buy strength near the support levels of 3505 to 3470. If no clear rebound signals are observed, patience and caution are advised.