Binance ETHUSDT 1h Trend Prediction

The current ETHUSDT price of 3555.67 is at a critical technical level. From the candlestick chart, it can be observed that after a sharp correction from the high point above 4200, the price is now oscillating within the 3500-3600 range. However, technical indicators suggest that the downward trend has not yet ended. Technical indicator analysis shows clear bearish signals: MACD is below the zero axis and negative, indicating ongoing downward momentum; RSI is in the relatively low range but has not entered an oversold rebound zone; KDJ indicator shows the J value at only 15.13, indicating an extremely oversold condition. Bollinger Bands analysis indicates that the current price is below the mid-line at 3560.48, with a Bollinger %B of 0.444 suggesting a downward trend towards the lower band at 3513.63. The bandwidth of 0.026318 indicates normal volatility levels, supporting further downward movement. Fundamentally, the market shows a negative funding rate of -0.00002361, indicating bearish market sentiment. Although large account positions show a long-short ratio of 2.6341, suggesting some net long positioning, this may be a contrarian indicator reflecting panic selling among retail traders. From the moving average system perspective, the MA5 at 3553.8 is below the MA10 at 3568.72, forming a bearish alignment. Although the price remains above the MA20, the short-term trend is clearly downward. The support level S1 is near 3255, representing a significant support zone. Volume analysis indicates a high 24-hour trading volume of 4 million ETH, reflecting strong market participation. Such high volume declines during a downward move lend greater credibility to the trend. Based on comprehensive technical and fundamental analysis, ETHUSDT is expected to continue its decline within the next hour, targeting a range of 3480-3520, close to the lower Bollinger Band and key Fibonacci retracement levels. Risk warning: If the price breaks below the support at 3480, further testing of the 3400-3450 area may occur. Stop-loss suggestions are set above 3580, near the middle Bollinger Band. Investors should be cautious with position sizes and avoid heavy leverage.