Binance ETHUSDT 1h Trend Prediction

ETHUSDT current price is located within the middle-lower band of the Bollinger Bands; the indicator shows short-term bearish momentum is strong. KDJ and RSI in the short-term are both entering oversold zones, but no clear reversal candlestick pattern has appeared, suggesting sideways consolidation is likely to continue. Long and short positions, including large accounts' longs, are significantly higher than shorts; the overall market sentiment remains not overly pessimistic, providing support for the future trend. Regarding support and resistance levels, the current upward pressure is at 4219-4293, with strong support at 3885-3810; it is expected that within the next hour, price will not effectively break through resistance or fall below support, with a higher probability of short-term sideways range-bound movement. Volatility indicators are relatively low; ATR shows the trading range has narrowed, making sudden and sharp movements less likely. Intraday suggests monitoring the 4100-4200 zone for oscillations, focusing on buying dips and selling rallies, and considering trend-following once breakout levels are reached.