Binance ETHUSDT 1h Trend Prediction

ETHUSDT's current technical outlook is predominantly bearish. It is operating near the lower band of the Bollinger Bands, with a very low Percent_b, indicating that the short-term price momentum is weak and close to the lower band, with limited rebound strength. MACD exhibits a significant divergence, suggesting ample bearish momentum, resonates with the low-level dulling of KDJ, indicating a strong short-term downward inertia. The RSI is in an extreme oversold state but has yet to show a key reversal signal. Historically, extreme lows can trigger brief technical rebounds; however, considering the current volume and main force holdings, the probability of a rebound is low, with most movements being weak oscillations downward. The long-short account ratio and large trader long-short positions are both skewed towards the long side, but the funding rate remains positive, indicating some longs are passively covering to prevent liquidation, yet this has not reversed the technical downtrend. The 24-hour trading volume is relatively high, but the amplitude is negative, implying inadequate market absorption during the decline and escalating market panic. Strong support is identified in the 4450-4550 range. If the price rapidly breaks below S1 (4364), there is a risk of further sharp decline. Short-term traders are advised to reduce positions on rallies primarily, with aggressive traders attempting short positions. The suggested stop-loss is above 4600, with target zones between 4450 and 4550, to prevent rebound risks.