Binance ETHUSDT 1h Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a clear downward trend. From the candlestick chart, it can be seen that the price has fallen significantly from the high level above 4600, and is now oscillating and trending downward around 3850. Short-term RSI indicator shows severe overselling, but considering the inertia of the overall downward trend, further decline is expected. The negative MACD histogram continues to expand, indicating strong bearish momentum. Bollinger Bands analysis shows the price is within the lower-middle band region, with a %B value of 0.35 indicating a bias towards the lower band. The bandwidth of 0.026 reflects relatively moderate volatility, but the trend is distinctly downward. In terms of long versus short positions, although the large trader long-short holding ratio is 2.74 indicating a slight bullish bias, the negative funding rate suggests substantial spot selling pressure. The active buy-sell ratio of 1.65, while slightly bullish, cannot prevent the ongoing decline. Support and resistance analysis shows that the key support levels below are S1 at 3815.37 and S2 at 3791.79. Considering the current downward momentum, it is expected that the price will test support in the 3815-3820 region. Volume data indicates that the 24-hour trading volume remains relatively active. However, from the candlestick chart, the clear volume increase during the decline indicates significant selling pressure. Trading recommendation: It is advisable to look for short-selling opportunities in the 3820-3800 range, with a stop-loss set around 3880 (above the middle Bollinger Band), and take-profit targets in the 3780-3750 range. Risk warning: If the price breaks below the 3780 support, it may further decline to 3750 or lower. Conversely, if a sharp oversold rebound occurs, attention should be paid to resistance around 3880-3900.