Binance ETHUSDT 10m Trend Prediction

Comprehensive analysis of the current ETHUSDT market data indicates that the price is in a downward correction phase. From candlestick charts, it can be observed that after forming a temporary high near 4050, the price has begun to decline, breaking through multiple short-term moving average supports. Regarding technical indicators, the Bollinger Bands show that the price is below the midline, with a bandwidth of 0.007034, indicating converging volatility with a downward bias. The RSI indicator is below 50 across the board, notably RSI24 at only 33.90, approaching oversold territory. Although the MACD DIF and DEA lines are close in position, they are overall below the zero line, with the MACD histogram showing negative values, indicating that short-term downward momentum persists. In the KDJ indicator, the K value is 54.22 and J is 64.40, indicating resistance to upward movement at high levels. From the perspective of bullish and bearish forces, while the large holder long-short ratio of 3.12 suggests institutional preference for long positions, the number of long to short accounts is only 0.83, indicating retail traders' sentiment is more bearish. Although the active buy-sell ratio of 1.66 signifies relatively active buying, the currently weak technicals limit upward price movement. Support and resistance analysis shows key support levels at 3925 and 3885.18, with resistance at 4066. The current price of 4026.68 has some room to move towards resistance, but the technical weakness limits rebound momentum. Volume data shows a 24-hour trading volume of 6.15 million ETH and a transaction value of 24.39 billion USDT. Liquidity is relatively sufficient, but it remains to be seen whether this is due to profit-taking exit flows. The funding rate of 0.0001 is positive, indicating that futures market longs still need to pay fees. Overall assessment suggests that ETHUSDT is highly likely to continue its correction in the next 10-minute cycle, with a target price range of 4010-4025. This judgment is based on comprehensive weakening of technical indicators, the resistance from moving average systems, and the divergence in bullish and bearish sentiment. Operational suggestion: Wait for the price to fall back to the 4010-4015 range to look for support before considering a light long position, with a stop loss below 4000. If the price rebounds to the 4040-4045 range and faces resistance, consider short-term shorting opportunities targeting the 4010-4020 range.