Binance ETHUSDT 1h Trend Prediction

Comprehensive analysis of the current ETHUSDT market data indicates a clear downward price trend. The current price of 3369.09 has broken below all major moving averages, and the technical outlook shows a bearish alignment. The RSI indicator is in the oversold zone across all timeframes, particularly RSI6 at only 14.61, indicating extremely severe short-term selling pressure. The MACD indicator is exhibiting a death cross, with the MACD histogram at a deep negative value of -18.64, confirming a downward trend. In the KDJ indicator, the J line has fallen to -9.39 in the extreme oversold region. Although there is a technical rebound possibility, the K and D lines are also at low levels, indicating limited rebound strength. The price is currently operating near the lower Bollinger Band, reflecting strong downward pressure. From trading volume data, the 24-hour amplitude is -1.82%, suggesting market sentiment is weak. Although large traders' long-to-short position ratio is 2.76 and the count of long versus short accounts is 2.37, indicating a bias toward long positions among institutional investors, the active buy-sell ratio is only 1.09, implying buying momentum is insufficient to support prices. Technical support levels are set at S1 at 3192.92 and S2 at 3055.00, representing significant support zones. Considering the current technical deterioration and the extreme oversold RSI, it is expected that prices will continue to decline to the 3300–3350 range. The DMI indicator shows that the bearish strength is prominent, with DI- at 31.74 and DI+ at only 12.34. The ADX is 21.40, indicating moderate trend strength. This configuration typically suggests a continuation of the downward trend. Although large traders' holdings show a bullish bias, the consistent negative signals from technical indicators are more convincing. Indicators such as RSI, MACD, and KDJ are all in weak zones, making effective short-term rebounds unlikely. It is recommended that traders consider short positions when the price rebounds to the 3400–3420 range, with a stop loss set near 3450, aiming for a target price in the 3300–3350 range. If the price breaks below 3300, it may further test deeper support levels around 3250–3280.