Binance ETHUSDT 15m Trend Prediction

The recent candlestick chart of ETHUSDT indicates a downward trend in price, particularly with the MACD turning negative and the Bollinger Bands testing support near the lower band. Technical indicators suggest a short-term bearish development, especially as the RSI fails to show signs of rebound and the short-term moving averages have broken below significant downward resistance levels. Trading volume remains at a relatively high level, but no signs of bullish reversal are observed; the market may continue to decline until support levels are found. The strong resistance zone at 3857.82 has not been touched; currently, the price is closer to the support at 3573, and thus could fluctuate within this range seeking support. It is recommended to monitor the support level at 3573, with stop-loss orders set below this level to prevent further deterioration of the trend and unnecessary losses. Under the current market environment, the bears have a clear advantage. Caution is advised to wait for market corrections or rebound signals before considering entering long positions, and only after the market stabilizes at the support zone should long trades be contemplated.