Binance ETHUSDT 1h Trend Prediction

From the K-line trend, ETHUSDT has recently experienced a rapid rally followed by a strong correction, currently entering an oversold zone, with RSI6 and RSI12 both hitting recent lows, and MACD remaining below the zero axis, indicating considerable short-term selling pressure but weakening momentum. The Bollinger Band width (0.0256) is acceptable, with the price close to the lower band, suggesting that even if prices continue to decline in the short term, space is relatively limited. Percent_b is negative, indicating the price has not effectively broken below the lower band; a sideways correction is expected in the near term, awaiting new driving forces. KDJ indicators are depressed, with the J value close to the ground, indicating technical overselling; such patterns typically suggest an upward correction, but caution is needed against oversold traps, with limited expectation for a strong rebound. Major institutional traders' long and short positions remain extremely skewed towards long, but active buy-sell ratios have decreased, indicating that while some funds might be attempting to support prices at the bottom, overall market sentiment remains divided, making a trend reversal unlikely in the short term. Indicators suggest technical overselling and bottom support, but due to no explosive volume, prices are expected to fluctuate between 4580 and 4680, with short-term trend-based strategies leaning towards observation or small-scale, light positions for range-bound trading, awaiting clearer directional signals. If the price breaks above 4680 with effective volume expansion, bullish outlook is possible; if it falls below 4580 and large traders' positions do not show convergence, observe support at the S1 level around 4275.