Binance ETHUSDT 15m Trend Prediction

The recent price of ETHUSDT has been gradually rising along the short-term moving averages, showing an obvious upward trend. However, it is now approaching the upper band of the Bollinger Bands and coinciding with multiple overbought indicators—such as an extremely high J value on the KDJ indicator and the RSI6 approaching 70. In the short term, profit-taking may be concentrated, increasing selling pressure, which makes it difficult for the price at high levels to break through quickly. The MACD golden cross signal remains stable, but the MACD indicator has not shown significant volume expansion, suggesting that upward momentum is waning. Technical analysis indicates that the market is entering a phase of oscillation and correction as the main trend. The Bollinger Bands' bandwidth is within normal ranges, and the limited range reduces the likelihood of sharp breakthroughs. Although large account holdings are relatively high, active buying and selling, along with the ratio of bullish to bearish accounts, both show some cautious sentiment. The main funds in the market have not formed a unidirectional trend, supporting oscillations within a range. Support and resistance levels show that R3 resistance is at 4332, with support below the 20-day moving average and the middle Bollinger Band at 4296 resonating. Currently, the price is operating in the middle of the range. To break upward, a new round of buying strength is needed; otherwise, the price will likely maintain sideways movement. As trading volume gradually decreases, the probability of oscillation significantly increases. It is expected that within the 15-minute cycle, the price will fluctuate between 4296 and 4330. Short-term trading should mainly focus on high selling and low buying within this range, and caution is advised when chasing rallies. If subsequent MACD volume increases and is accompanied by a surge in trading volume, combined with continuous strength in large account data, the price may break out of the range and challenge resistance levels R2 and R1. However, under the current technical conditions, the greatest likelihood is for short-term oscillation. It is recommended to wait and see or adopt a strategy of selling high and buying low, while being cautious of overbought risks.