Binance ETHUSDT 1h Trend Prediction

Comprehensive technical analysis indicates that ETHUSDT is currently in a clear downtrend. Price has fallen from a high of over 4800 to around 4488, with a significant decline. From Bollinger Bands analysis, the price is approaching the lower band at 4460.45, with percent_b only at 0.152, indicating that the price is at the bottom region of the Bollinger Bands and may continue testing the lower support in the short term. The RSI indicators are collectively low, especially RSI6 at only 17.67, entering an oversold zone. However, during strong declines, oversold conditions may persist, and it is not advisable to buy the bottom immediately. The MACD indicator fully confirms a downtrend, with the DIF line significantly below the DEA line, and the MACD histogram at a large negative value of -22.29, showing that bearish momentum remains strong. From moving average systems, the price has broken below all short-term moving averages, with MA5 at 4518 acting as a clear resistance, indicating a formation of a bearish alignment. In market microstructure, the active buy-sell ratio of 0.7810 shows pronounced selling pressure, and the large investor long-short holding ratio of 3.445, though somewhat bullish, may face stop-loss pressure. Support and resistance analysis: key support levels are at S1 (4364) and S2 (4310), suggesting potential for further downward movement. Trading suggestion: Given the current technical environment, it is advisable to wait until the price touches the lower Bollinger Band at around 4460 or lower support levels at 4364–4310, and observe for signs of stabilization before considering rebound operations. Risk warning: Although RSI indicates oversold conditions, in a strong downtrend, technical indicators may remain oversold for an extended period. It is not prudent to bottom-fish too early; wait for clear signs of a trend reversal.