Binance ETHUSDT 12h Trend Prediction

The current ETHUSDT candlestick chart has entered a clear downward channel, characterized by a persistent bearish alignment of moving averages, with MA5<MA10<MA20<MA50<MA200, indicating short, medium, and long-term trends are all inclined to decline. The Bollinger Bands indicator shows that the price is near the lower band, but no effective rebound has been observed. The percent_b is below 0.2, suggesting continued weakness and a lack of market confidence. The current amplitude and trading volume have receded, with panic spreading, making strong support unlikely. Both MACD and KDJ are in dead-cross bearish zones, making substantial short-term rebounds extremely difficult. The momentum and trend both indicate significant downward pressure. RSI is around the 30-35 range, indicating not fully oversold but with evident selling pressure. Currently, there is no rebound momentum, making a recovery unlikely. The DMI and ADX show that this decline has strong trendality, with bears continuing to dominate the market. The active buy-sell ratio and the proportion of large accounts/whale holdings are relatively high in bullish terms, but the price is weak, funds are hesitant to buy, and selling pressure prevails, suggesting that large position holders may be passively trapped, with the next 12 hours likely to test lower levels. Support level S1 is at 2367.53, which is a significant distance below the current price; if the decline accelerates, it may probe the lower Bollinger Band around 2891. Resistance is near 3050; in the short term, any rebounds are unlikely to effectively break through the 3100-3150 zone. It is expected that the price will oscillate downward over the next 12 hours within the range of 2890-3050. A break below 2890 would test even lower levels; a rebound reaching around 3050 would be a potential point for bears to reassert control. Absent unexpected news or market shifts, the weak downward trend is likely to continue. Trading suggestion: primarily follow a bearish strategy, beware of short-term rebounds that may tempt buying, and consider shorting near 3050 during rebounds. Place stop-loss above 3100, with the initial target at around 2890. Avoid chasing rallies; wait until the bearish momentum is confirmed to have exhausted before considering long positions.