Binance ETHUSDT 1h Trend Prediction

ETHUSDT current price at 3024 is near the lower boundary of the Bollinger Bands, with resistance at the upper band of 3094. There is short-term repair potential but lacking a strong breakout pattern, indicating a tendency toward range-bound oscillation. The moving average system shows inconsistent short- and medium-term directions, with MA20 and MA50 above the current price, and the long-term MA200 at 3013, reflecting an overall weak structure. Short-term, it may test support levels below and rebound afterward. The MACD bearish momentum is weakening but has not yet resulted in a bullish crossover. The OBV remains stable overall, not supporting sustained decline. The short-term outlook anticipates broad-range oscillation within a range, making trend formation unlikely. DMI indicates that the negative force dominates, while ADX shows ongoing trend fluctuation. Although there is some bullish market sentiment reflected in the spot main positions, active buying and selling forces are insufficiently balanced. Short-term bullish-bearish divergence has increased. The candlestick chart has recently experienced a downtrend followed by volume contraction and oscillation, with obvious tug-of-war between bullish and bearish forces. Key support levels are at 2855 and 2982, with short-term resistance between 3070-3099. It is expected that the next hour will see broad-range oscillation between 2982 and 3094. Risk tip: If the price breaks below the recent low of 2982 or surpasses the upper boundary at 3094 with volume, the oscillation pattern may be broken. Traders should follow the trend and consider long or short positions accordingly. It is advisable not to chase at extreme points of the range, and set strict stop-loss levels for high-precision range trading.