Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a weak downward trend, with candle movement indicating downward momentum. Amid the struggle between bulls and bears, the bears are currently dominating the pace. From the Bollinger Bands perspective, the current price is near the lower band, with no significant rebound observed, and the bandwidth still has room to expand, indicating the possibility of further decline in the near future. The primary support zone is between 3538 and 3505. All key MACD parameters are negative, indicating that short-term upward momentum is severely lacking. If this continues to amplify, it will reinforce the downward trend. RSI indicators across various periods are weak, suggesting no clear capital inflow to stabilize the price. The moving average system shows a complete bearish alignment, with MA5 and MA10 both above the current price, indicating obvious resistance to rebounds. Longer-term moving averages also show no signs of stabilization. The -DMI value is significantly higher than the +DMI, and the ADX remains in a high range, consistent with a trending downward market. The market has not reached extreme oversold levels, and funds continue to have exit pressure in batches. Although large traders hold substantial long positions, the price has not risen accordingly, warning of potential passive long positions by large traders and an increased risk of forced selling, suggesting possible accumulation of sell pressure. This may induce a false breakout scenario. Trading volume has not increased significantly, indicating that funding is weak during the ongoing decline. The amplitude is negative, and active buying strength is relatively weak, making it difficult to reverse the short-term downward trend. Therefore, within the next hour, ETHUSDT is highly likely to test the previous low support zone between 3505 and 3538. If the price breaks below 3505 during intraday trading, further volume-driven declines cannot be ruled out. Currently, the target for the downside remains between 3505 and 3538, with limited rebound potential. It is not advisable to attempt contrarian bottom fishing at this stage.