Binance ETHUSDT 1h Trend Prediction

The current ETHUSDT technical outlook presents a clear bearish pattern. The price of 3076.76 has broken below the middle band of the Bollinger Bands at 3192.39, and is approaching the lower band at 3033.73, indicating a continuation of the downward trend. The RSI indicator is in overbought condition across all timeframes, with RSI6 at just 9.6 and RSI14 at 12.34, demonstrating intense short-term selling pressure. Although oversold conditions may trigger a technical rebound, the current bearish trend suggests limited rebound strength. The MACD indicator shows DIF at -41.801 and DEA at -24.0821, both negative and deep in the red. The MACD histogram at -35.4378 confirms that bearish momentum remains strong, with little signs of short-term improvement. The moving average system exhibits a bearish alignment, with prices consecutively breaking below key moving averages such as MA5, MA10, and MA20. Currently, all moving averages are acting as resistance, affirming a technically bearish signal. The KDJ indicator’s J value is only 7.2692, entering an extreme oversold state, with K and D values also in low ranges, reflecting highly pessimistic market sentiment and limited room for immediate upward correction. The DMI directional index indicates DI- at 34.88 significantly exceeds DI+ at 9.15, with ADX at 29.34, revealing a strong current downward trend and solid dominance of the bears. Looking at support and resistance levels, the key support S1 stands at 3066.17 and S2 at 2978. If the price falls below the current level, the next target zone is expected to be between 3000 and 3050. The negative funding rate of -0.00003126 indicates a market with entrenched short selling sentiment, with short positions outnumbering longs. This exerts additional downside pressure on the spot price. It is recommended to seek buying opportunities in the 3000-3050 range, but only after confirmation of oversold rebound signals. A stop-loss should be set around 2950, with targets near the 3100-3120 resistance zone.