Binance ETHUSDT 12h Trend Prediction

ETHUSDT has experienced a continuous decline over the past 12 hours, with high trading volume but insufficient to reverse the price. The candlestick chart indicates a clear bearish trend. Technical indicators are uniformly bearish: the lower Bollinger Band provides support, but the distance between the middle and upper bands is large; MACD negative values are increasing; RSI across multiple timeframes remains low; KDJ indicator shows lack of momentum, signaling no immediate reversal signs. The moving average alignment exhibits a typical bearish pattern, with short-term, medium-term, and long-term averages all pointing downward. The price has broken below key moving averages, creating a bearish resonance. DMI and ADX indicate a strong and sustained downtrend, with little prospect of a bullish counterattack in the short term; further downside momentum is expected to be released. Although the ratio of long and short positions and the number of accounts are significantly skewed towards longs, market makers may attempt to support the price; however, actual trading volume and price reaction do not reflect a rebound, cautioning against long trap scenarios. Regarding support and resistance points, S1 is at 2367.53, which is far from the current price, implying considerable room for short-term decline. Upward resistance levels (R1-R3) are clearly defined, making a rebound difficult. The expectation is that in the next 12 hours, the price will oscillate downward near the lower Bollinger Band within a range of 2950-3100. It is recommended that traders maintain a short-term bearish outlook. If a rebound occurs, do not chase higher; consider scaling into short positions at resistance levels, with a strict stop-loss above 3150. A breakdown below 2950 could lead to testing lower support levels. Overall, the bearish signals are strong, with no signs of bullish probing in the short term. Operation strategies should focus on shorting at rallies, while guarding against sudden rebounds.