Binance ETHUSDT 1h Trend Prediction

ETHUSDT Current hourly market performance is extremely weak, overall in a phase of accelerated decline after a mid-term top formation. RSI across all periods is below 30, indicating strong oversold conditions, but MACD and moving average trend indicators show no signs of reversal, suggesting a persistent downward inertia in the market. From the Bollinger Bands observation, the current price is located in the lower-middle band and approaching the lower band, with the percent_b far from bottoming out, indicating there is still room for downward movement and the market has not yet experienced complete panic selling. The multi-period moving averages are arranged in a death cross pattern, further confirming downward resistance. The DMI system shows very strong negative momentum (dmi_minus >> dmi_plus) and an ADX above 40, representing a powerful downward trend that has not weakened. The active buy-sell ratio and trading volume indicate that overall trading remains predominantly bearish. Although the large traders’ long-short ratio has remained relatively high, this mostly reflects high leverage bets on a rebound and a sentiment of being trapped in longs. No substantive signs of stabilization are observed. If the 2850-2900 zone is not effectively supported, there is even a possibility of further exploration towards S2 (2780.6) and lower. Traders are advised not to blindly bottom fish. If holding long positions, they should control their position size or set stop-losses. Wait for increased trading volume combined with candlestick patterns indicating a price halt within a 30-60 minute window before attempting long entries. Short positions can still be exploited via high sell and buy levels, with the immediate downside target set at the 2850-2900 zone.