Binance ETHUSDT 1h Trend Prediction

The technical outlook for ETHUSDT currently exhibits a pronounced bearish pattern. The price has fallen below all major moving average supports, forming a typical bearish arrangement. From the candlestick chart, it is evident that the price has been declining from a high of over 4200 and is now approaching the lower Bollinger Band. Regarding momentum indicators, RSI6 at 10.43 indicates severe overselling; however, considering that RSI14 remains at a relatively low level of 26.28, it suggests that the downward trend has not yet concluded. The MACD indicator shows negative values across the board, with DIF significantly below DEA, signifying that bearish momentum remains strong. The KDJ indicator shows K, D, and J lines all in the oversold zone, with J being lower, usually indicating the possibility of further short-term decline. In the DMI indicator, the bearish strength (DI-) is markedly stronger than the bullish strength (DI+), and with an ADX of 19.23, the trend strength is considered moderate. From trading data, the 24-hour amplitude is -1.772%, and the active buying and selling ratio of 0.935 indicates dominance by the sellers. Although large traders' long and short positions ratio is 2.72, suggesting a more bullish sentiment among major holders, this may reflect accumulation at higher levels; the current decline might trigger stop-losses. Support and resistance analysis indicates key support levels at 3260.7 and 3192.92. Given the current downward momentum and technical indicator configurations, the price is likely to test the 3400 support zone. A break below this could lead to further declines toward the 3380-3350 range. Risk warning: Although RSI6 indicates severe overselling and the potential for a technical rebound, caution is advised until a clear trend reversal occurs. A breach of the 3400 critical support could further expand the downward scope. Operational suggestion: In the short term, it is recommended to stay on the sidelines or take light short positions, with a stop-loss near 3520 (the MA10 resistance). If the price rebounds to the 3500-3520 zone and faces resistance, a short-term shorting opportunity can be considered. Close attention should be paid to the support efficacy within the 3400-3420 range. If this zone is effectively broken and trading volume increases, the downtrend could accelerate, with targets around 3300-3350.