Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a strong downward trend, with short-term candlestick charts showing a sudden decline. All moving averages are quickly broken below price levels, and the Bollinger Bands are opening downward, indicating an extremely weak short-term market. From various momentum indicators, both MACD and KDJ are simultaneously signaling strong bearishness, a signal that usually implies the unilateral trend will continue rapidly. RSI across multiple periods is oversold, but there are no clear signs of a bottoming or rebound. Although trading volume is high, there is no divergence in volume momentum, indicating the decline is not driven by panic bottom-fishing, and the bearish trend is smooth. DMI and ADX show that the current market is a strong, unilateral downtrend. Looking at support and resistance levels, 4364 is the primary support; however, once this level is broken, the price could fall directly to S2 at 4206 (the previous low and support zone), with technical bears accelerating and continuing. Large account holders' positions are predominantly bearish, with major funds opting to stay out of the market. Ordinary long positions are weak, and market panic effects are significant. While short-term oversold rebounds may occur, the short-cycle bearish structure will not change. The main approach is to follow the trend and maintain a bearish view, paying attention to the support around S2. If S2 is broken, the next targets are the 4200 level and the Bollinger Band external overflow zone, indicative of continuing bearish momentum. For this cycle, bullish traders should exercise caution; without significant reversal signals, it is not advisable to rush into bottom-fishing. The price is expected to fluctuate mainly between 4206 and 4365, and patience is recommended until the market stabilizes.