Binance ETHUSDT 1h Trend Prediction

From a technical analysis standpoint, ETHUSDT is currently in a weak correction phase. Although the price is hovering near the middle band of the Bollinger Bands, the overall trend is downward. The moving average system shows a bearish alignment, with the current price significantly below the MA50 and MA200, indicating a medium to long-term bearish trend. The short-term moving averages MA5 (3150.54) are below MA10 (3160.75) and MA20 (3168.36), further confirming short-term downward pressure. While the MACD indicator's histogram has turned positive, both DIF and DEA remain below the zero line, suggesting overall momentum remains weak. The recent rebound appears to be a technical correction lacking sustained upward momentum. The DMI system signals a clear bearish trend, with DI- significantly leading DI+, and a high ADX value indicating a well-defined downside trend with certain strength. This constitutes the most critical bearish signal in this analysis. The RSI indicators show divergence: RSI14 is near 55, but RSI12 and RSI24 are both below 50, indicating insufficient medium to short-term momentum. Combined with the price action, it is anticipated that the price will continue to seek support below. On the candlestick chart, recent trading cycles exhibit a oscillating downward trend, with volume remaining relatively steady but lacking clear bullish breakout signals. From market sentiment, the active buy/sell ratio of 1.2478 is slightly bullish, yet the number of long and short accounts is 3.2481 and the large-order long/short positions at 2.7581 indicate institutional funds are relatively cautious. This divergence may suggest the continuation of the short-term correction. Overall judgment indicates that ETHUSDT is likely to continue descending within the next hour, targeting the 3120-3150 range. This zone is close to the MA5 support level and coincides with previous high-volume trading areas, providing some support significance. Risk warning: If the price falls below the key support at 3120, it might accelerate downward toward the support level at 3055. Conversely, if the price stabilizes around 3150 and rebounds with volume breaking above 3180, a reassessment of the short-term trend will be necessary.