Binance ETHUSDT 1h Trend Prediction

The current price of ETHUSDT has fallen to 2980, approaching the lower band of the Bollinger Bands (2989), with the moving average system showing a bearish arrangement, and all moving averages above the current price. From the K-line distribution, multiple downward movements are ongoing, indicating that the bears dominate the market. Both the DIF and DEA lines on the MACD indicator show significant declines, with the green histograms continuously expanding, and there are no signs of divergence indicating a bottom in the short term; RSI across multiple timeframes is extremely oversold, with weak rebounds, suggesting a high probability of short-term downward movement. The KDJ indicator shows extreme values, with the J line falling below 0, which could lead to a brief technical rebound at any moment, but the overall trend remains unchanged. The DMI and ADX data strongly confirm the current downtrend, with ADX exceeding 30 indicating the market is accelerating downward. Although the funding side’s long-short positions and large account ratios show a bullish advantage, the active buying versus selling ratio is very low (0.83), indicating that the actual trading side faces stronger selling pressure. The short-term market atmosphere is dominated by bears. If the price effectively breaks below 2978 (S1) within the next hour, a decline towards the 2900-2978 zone is highly probable; if S1 provides strong support, the price may briefly consolidate sideways. The operating strategy is to mainly short on rebounds, with caution around bottom-fishing on the left side. If the downward movement intensifies and tests the S2 support area, attention should be paid to low-buying strategies, but confirmation signals are necessary; blindly chasing the market is discouraged.