Binance ETHUSDT 10m Trend Prediction

From the candlestick chart observation, ETHUSDT experienced a significant decline yesterday, with trading volume markedly increasing during the retracement phase. Currently, there are no clear signs of a bottoming out. The lower band of the Bollinger Bands has not provided effective support; the price has tested it multiple times without a noticeable rebound, indicating strong downward inertia. The MACD indicator continues to decline, with the histogram bars maintaining negative values and expanding, indicating that the bearish momentum is dominant and gaining strength. Both RSI and KDJ are in the oversold zone; although short-term rebounds have occurred after reaching historical lows, there are no obvious turning points in the current indicators, suggesting that the downtrend may continue until a bullish divergence or bottom formation occurs. The moving average system is in a bearish arrangement, with MA5 and MA10 significantly below MA20 and MA50, implying that short-term rebounds are unlikely to break through effectively. Large traders' long and short positions are notable, but in the context of an active buy/sell ratio (0.7671) trending towards active selling, the bulls have not become the dominant force. DMI and ADX data indicate a very strong trend, with a clear downward trend. The current amplitude and volatility have not significantly converged, reflecting that the downward process may not have concluded, and there is a need to be vigilant against the risk of inertia-driven declines. Within the 10-minute timeframe, it is recommended to closely monitor the support around the previous low at 4422. Once broken, the price may accelerate downward to the 4400-4420 range. In the absence of a significant reversal in volume, it is not advisable to blindly catch the bottom. In summary, it is expected that ETHUSDT will maintain a weak oscillation with downward bias over the next 10 minutes, with a target range of 4400-4425. If the price rapidly falls below 4400 with increased volume, there is a risk of further decline; conversely, if volume decreases and stabilizes at low levels, a short-term sideways movement may occur. Trading suggestion: It is currently not advisable to blindly go long. It is recommended to hold positions lightly and set appropriate risk stop-losses. If the price stabilizes around 4400-4420 with supportive volume, consider attempting small long positions on the left side.