Binance ETHUSDT 1h Trend Prediction

ETHUSDT current price at 4651.8 is near the lower Bollinger Band, indicating a downside risk in the near future. Recently, after a rapid rally, the price has pulled back; candlestick charts show increased volume at high levels followed by resistance, indicating a short-term top formation technically. The MACD shows a clear death cross, with the histogram bars continuously enlarging, suggesting that recent bearish momentum may be accelerating, and there is a lack of effective rebound signals. The RSI across multiple timeframes is extremely oversold. Although theoretically a short-term rebound is possible, the oversold condition has not resulted in a quick bounce, implying the market has entered a brief weak equilibrium phase, with a high probability of testing lower support levels. The KDJ indicator's three lines are trending downward, with the J value very low, dominating the downward trend, which will likely lead to inertial decline. Support zones are at S1 (4275), which is far from the current price. Considering the 1H timeframe, strong short-term support is expected around the lower Bollinger Band and the 4650 region. A break below this area would focus attention on the 4600 level; if a bounce occurs from this area, it will not alter the overall downward structure. Market sentiment remains predominantly bearish, with clear signs that large institutional traders are gradually reducing their positions. Short-term active selling pressure is affecting both spot and futures prices. Based on historical candlestick analysis, recent oscillations at high levels have resulted in repeated sideways consolidation before a downward breakout. If the market fails to quickly pull back above the MA5 or MA10, the bearish dominance is likely to continue. Caution is advised to guard against downward risks.