Binance ETHUSDT 10m Trend Prediction

ETHUSDT is currently in a clearly bearish trend, with technical indicators displaying dominant selling pressure across the board. The RSI values are extremely low, indicating serious oversold conditions, but no signs of stabilization are observed, suggesting further downward space remains. The MACD values remain negative, with no indication of a golden cross, pointing to weak market momentum. The KDJ lines stay low with J-values heavily suppressed, representing feeble price performance and a lack of short-term rebound impetus. The Bollinger Bands have increased the distance between the upper and lower bands, but the current percent_b is very low, indicating the price is running close to the lower band, with continued downward pressure and no signs of rebound momentum. The DMI indicator shows a very strong bearish trend; with ADX above 37, the trend is highly defined, implying that the decline faces almost no interference. Although the active trading volume of longs and shorts and account ratios are somewhat skewed towards longs, the actual price movement and capital flow do not match, indicating that market capital does not reverse the technical bearish pattern. In terms of support and resistance levels, the nearest support S1 is around 4053, while resistance levels are far above at 4188-4253. Currently, no effective rebound structure has formed, and it is expected that the price will continue to retreat within the support zone. Trading volume remains active, but the price continues to decline, indicating significant selling pressure from major funds and that retail investors have not effectively absorbed this. A short-term divergence exists between technical indicators and capital flow; it is advisable to wait for genuine stabilization signals before considering long positions. It is forecasted that ETHUSDT's price will continue to move downward over the next 10 minutes, with a target range of 4090-4120. Short-term, traders should mainly reduce positions on rallies, and if the support at S1 is broken, they should be highly alert to risks.