Binance ETHUSDT 1h Trend Prediction

ETHUSDT is currently in a clearly weak downward trend zone. Although the price is relatively close to the lower Bollinger Band, the middle Bollinger Band is far above the current price, indicating insufficient reversal momentum and a likelihood of continued decline. Trading volume and turnover remain highly active, but the moving averages are arranged in a bearish configuration and the MACD is negative, demonstrating that selling pressure dominates. Short-term support is unlikely to form effectively. The RSI (12, 14, 24) in medium and short cycles are all in severe oversold territory. Although RSI6 is slightly higher, it still does not generate a short-term rebound, and no obvious signs of stabilization are observed. The candlestick chart shows that recent price movements are generally oscillating downward. Occasional rebounds have not resulted in trend reversals. The dominant movement is bearish, with large account data on longs and shorts showing a clear divergence from price trends. The hedge ratios of large account holdings and the number of accounts are significantly skewed toward the long side, which is indicative of high probabilities of long positions being cut. Market sentiment is severely misaligned with technical signals, warranting caution for further decline. ATR indicates that volatility still has room to increase. As the decline accelerates, prices may further approach the lower Bollinger Band. The short-term downward target is recommended to be set within the 2950-3010 range, serving as a reference for observing potential support. Trading suggestion: Short-term, avoid chasing longs and consider light short positions on rallies. For dips and rebounds above 3000, try small short positions. If the price falls below 2950, further declines are likely. Stop-losses are recommended around 3025 (near MA5), and take-profit targets at 2950 (lower Bollinger Band).