Binance ETHUSDT 12h Trend Prediction

ETHUSDT current candlestick chart shows continuous decline, with multiple rebound attempts failing to break through the midline and resistance levels; technical indicators clearly indicate a bearish trend. MACD and moving averages display a bearish alignment, with exhausted momentum; no effective rebound signals are present in the market, and RSI remains in the weak zone, making short-term stabilization unlikely. Although trading volume remains robust and main positions are predominantly long, the actual price action does not follow this, and strong bearish signals dominate the technical analysis. KDJ remains persistently low, indicating that the market is oversold in the short term but without a clear reversal; the downtrend may continue, with consolidation near the lower band, suggesting potential further decline or oscillating downward. Bollinger Bands have narrowed, with a volatility of only 0.033; while there is some short-term resistance to further decline, the trend shows no sign of reversal; a correction is still possible, with the main support zone between 3050 and 3150. Support and resistance levels reference S1 at 2367.53; actual strong support is within the 3050-3150 range; if broken, further decline should be cautiously anticipated. Trading suggestion: avoid high-risk long positions in the short term; if the price reaches the 3050-3100 range, consider small short-term rebounds, but the mainstream strategy remains shorting on rebounds, with a stop-loss above 3150. If key indicators such as MACD and KDJ do not turn positive during this period, the primary approach should continue to be bearish, with risk-controlled positions.