Binance ETHUSDT 1h Trend Prediction

From a comprehensive technical analysis, ETHUSDT is currently in a clearly downtrend. The price of 3225.99 has broken below the middle band of the Bollinger Bands at 3321.89, approaching the lower band at 3063.54. The RSI indicator shows severe overselling, with RSI14 at only 24.58, typically below 30 indicating an oversold zone, currently in an extreme oversold state. However, it may continue to decline in the short term. The MACD indicator presents an obvious bearish signal, with the DIF line far below the DEA line, and the MACD histogram is negative, confirming that the downward momentum remains strong. Among the DMI trend indicators, -DI (31.25) is significantly higher than +DI (16.77), and the ADX reaches 37.24, indicating that the current downtrend is strong and effective. From the candlestick pattern perspective, the price has experienced a significant decline from the high above 4000, now in a downward channel, with short-term support levels near S1 (3192.92) and S2 (3165.41). Although large holders' positions indicate a bullish sentiment, the 24-hour volatility of -6.64% and the current technical state suggest the market remains in a correction phase, potentially continuing to seek a bottom in the short term. It is expected that in the next hour, the price will continue to decline to the 3150-3200 range, approaching the key support level S2 (3165.41), where a rebound could occur. Trading suggestion: Do not buy the dip at present. Wait until the price drops to the strong support zone of 3150-3165 and shows a rebound signal before considering entering the market. Set stop-loss below 3100, and target a rebound to 3250-3280.