Binance ETHUSDT 15m Trend Prediction

ETHUSDT is operating within the lower Bollinger Band range; in the short term, it has broken multiple moving averages (MA5: 3728.21, MA10: 3734.31, MA20: 3739.88), indicating clear short-term resistance. The overall slope of the moving averages is flattening; without increased volume to push higher, a significant rebound is unlikely. Both MACD and KDJ indicators show extremely weak short-term momentum. The MACD histogram's negative values are expanding, and the bars are deepening, suggesting dominance by the bears with no clear signs of reversal. The J value in the KDJ has dropped into the oversold zone, which is common in the early continuation phase of a short-term decline. The RSI across multiple periods remains below 50, indicating exhausted momentum and weak rebound potential. It has not entered the oversold territory yet, leaving room for further price decline. DMI analysis shows the bear trend (-DI) far exceeds the bull trend (+DI), and the ADX is above 20, signifying increased market volatility and a strong downward trend with a high probability of further decline. Although trading volume has not significantly increased, active buy orders are at 0.8365, reflecting weak short-term buying pressure and a low likelihood of a strong rebound. Meanwhile, both 24h volume and amplitude are within normal ranges, suggesting the decline is not driven by panic selling but rather by institutional profit-taking. Despite major holders (whales) holding significantly more long positions, considering current market prices and technical indicators, it is inferred that large traders are gradually locking in profits at higher levels. Short-term market sentiment lacks sustained bullish confidence. Overall technical indicators suggest the price is likely to remain under downward pressure in the near term, with a target zone of 3690-3720, close to the lower Bollinger Band and previous support levels. Attention should be paid to whether the price can stabilize in this region; a break below could accelerate the decline. Trading recommendation: primarily observe in the short term; aggressive traders may consider light short positions at high levels, with a stop-loss below 3690, emphasizing strict risk control. It is not advisable to take contrarian long positions now; wait until bearish momentum diminishes before re-entering.