Binance ETHUSDT 15m Trend Prediction

ETHUSDT is currently in a rapid retracement phase, with the 15-minute K-line showing recent consecutive bearish candles, breaking below short-term moving average support levels, losing MA5, MA10, MA20, and MA50. The price is approaching the support levels of the central pivot points S1 (4161) and S2 (4160). If this range is broken downward, further decline towards S3 (4073) is anticipated. The Bollinger Bands are flattening and slightly turning downward; the price is near the lower band. Combined with a bandwidth of 0.027047, which is not extremely narrow, there remains room for further downward movement. The RSI across all periods is in an extreme oversold condition (12.7-9.2), providing a basis for a short-term corrective rebound technically. However, no clear stabilization signals are observed, and the main positions held by large traders are high but with a low active buy-sell ratio. This suggests the main traders may be distributing at high levels and escaping by raising prices, necessitating caution against inertia-driven sell-offs. The MACD histogram continues to expand bearish, with DIF and DEA both trending downward, indicating a strong bearish momentum. KDJ indicators are at very low values, with the J value turning negative, further releasing bearish energy. The DMI shows a strong bearish bias, with ADX remaining elevated at 40.9, indicating a very strong downward trend and not yet reaching a bottom reversal point. Overall, the forecast suggests that ETHUSDT on the 15-minute timeframe has a high probability of testing the support zone around 4160. If this level is not quickly rebound or if the oversold bounce lacks significant volume, the price may further test around 4130 in the short term. Trading strategy should focus on short positions; avoid contrarian long entries. Aggressive traders may observe for minor signs of stabilization between 4160 and 4130 and consider light long positions, but otherwise, it is advisable to remain on the sidelines. Risk Reminder: The proximity to a historically oversold condition could trigger a technical rebound, but since there are no clear signs of market stabilization or volume expansion, do not blindly bottom fish.