Binance ETHUSDT 4h Trend Prediction

From the candlestick chart, it is clearly visible that ETHUSDT experienced a strong rise from around $3,000 to a high of $4,800, and is now in a pronounced retracement phase. The price has fallen from the peak to approximately $4,525. The technical indicators all show bearish signals: RSI indicator is in a severe oversold state, with RSI6 at only 19.17, which generally indicates that downward momentum remains strong. The MACD indicator shows a clear bearish alignment, with the DIF line significantly below the DEA line, and the histogram at a negative value of -48.79. Bollinger Band analysis indicates that the price is currently below the middle band at 4,618.91, and close to the lower band at 4,469.79, with the Bollinger Band percentage at 0.187 confirming that the price is operating in the lower half of the Bollinger Bands, reflecting a weak market structure. Regarding the moving average system, the price has broken below the MA10 and MA20, remaining just above the MA50 at 4,476.04 and MA200 at 4,447.53, with short-term moving averages beginning to show a bearish alignment. From exchange data, although large investors’ long-to-short positions ratio of 3.8347 suggests a bias towards bullish sentiment among major holders, the active buy-sell ratio of 0.9695, which is less than 1, indicates that selling pressure remains substantial, and the market sentiment is cautious. Support and resistance analysis shows that the current price is testing support levels at S1 (4,205.49) and S2 (4,104.33). Considering the weak signals from technical indicators and the downward momentum, it is expected that the price will test these support levels downward. Overall, it is likely that ETHUSDT will continue to decline over the next 4 hours, with a target range of $4,350 to $4,450. This range is approximately 2-4% below the current price, aligning with the technical indicators indicating a weak market pattern. Risk reminder: If the price falls below the support at $4,350, it may further decline toward the $4,200-$4,100 range. Trading strategies should mainly be cautious, or consider slight bottom fishing after confirming effective support, with strict stop-loss measures.