Binance ETHUSDT 1h Trend Prediction

Currently, in the 1-hour cycle, ETHUSDT's candlestick is weakly probing toward the lower Bollinger Band. Additionally, the Bollinger Band width is narrowing, indicating short-term volatility is converging, but the current bias is bearish. MACD has continuously shown increasing bearish momentum, with no signs of bottom divergence. RSI remains in the oversold zone; although there is a theoretical rebound demand, the momentum and volume are extremely weak, insufficient to sustain a strong rebound. The active buy-sell ratio is slightly above 1, indicating a brief bullish entry without effective support. The proportion of long versus short accounts and large traders' positions favors the bulls, suggesting potential institutional bounce attempts, yet the overall bearish dominance is strong. The support level at 4310 is the immediate short-term target, with a lower support at 4255. The likelihood of a weak, oscillating downward movement remains high. Despite large 24-hour transaction volume and turnover, the prominent upper shadow indicates resistance to upward advances. The overall trend is primarily a weak pullback. It is advisable to wait and see or hold a light short position. When the rebound reaches resistance at 4355–4385, consider establishing short positions targeting the 4310–4355 range. If the price decisively breaches the S1 support, pay attention to support below 4255. A stop-loss is recommended at 4388 (aligned with the MA10 and middle Bollinger Band). If a strong volume breakout occurs upward, consider stopping out to exit. In the short term, avoid chasing longs and closely monitor volume changes and large traders' fund movements.