Binance ETHUSDT 1h Trend Prediction

ETHUSDT currently exhibits an obvious weakness in the overall technical outlook. Prices have consecutively broken below multiple moving averages, and the candlestick chart shows a continuous retracement from bullish to bearish, indicating the weakness persists. Although the lower Bollinger Band has not yet been touched, the price remains in the mid-lower region and has not demonstrated signs of stabilization or stopping the decline. From the MACD perspective, bearish momentum continues to be released, with no bottom divergence or golden cross signals observed, making short-term reversal difficult. The RSI across multiple timeframes is near the oversold zone. While short-term corrective pressure exists, no strong reversal has formed, and the primary trend remains bearish. The DMI indicator's bearish momentum dominates, and with ADX above the trend threshold, the downward trend continues to strengthen. Despite the J value of the KDJ indicator rallying, it is overall turning downward, confirming the inability to form bullish resilience. Although the market shows that active buy/sell ratios are slightly skewed towards buying, and large traders' positions are predominantly long, the actual price has not sustained support. The volume-price relationship is suboptimal, so further downside is expected in the short term. Support and resistance levels reveal no clear support below. The current area around 2950 is indicated as a potential support zone by the technical and chart analysis. Traders are advised to maintain a short-term bearish strategy, considering shorts above 2990 with a stop loss set above MA5 (approximately 3020). Take-profit levels are suggested around 2950-2970. If no unexpected positive news emerges in the next hour, ETHUSDT is highly likely to continue declining, with short-term support around 2950. Should volume increase or technical reversal signals appear at the bottom, then consider positioning for a rebound after bearish correction.