Binance ETHUSDT 15m Trend Prediction

Recently, the ETHUSDT price has rapidly retreated from its recent high, currently positioned within the lower middle band of the Bollinger Bands. The 15-minute Bollinger Band is converging, forming critical support at 4487. Despite the apparent market dominance with a long to short position ratio of 3.6419, indicating a substantial long bias, there has been no corresponding rise in the price. Instead, the main capital appears to be controlling the market without effectuating a significant upward move, which may lead to trap plays or quick downward dips caused by market manipulation. Multi-cycle RSI and KDJ indicators are both in oversold or declining states, indicating a lack of upward momentum and short-term resistance. The MACD remains below the zero line for an extended period, with no sign of a golden cross, suggesting no immediate reversal or stabilization signal in the short to medium term. All moving averages have formed a bearish alignment, with MA5, MA10, and MA20 all breaking below MA50 and MA200. The current price is suppressed beneath all short to long-term moving averages, reflecting a clear bearish technical structure. Additionally, the negative amplitude and severely skewed buy/sell ratio indicate weak sustainability of a short-term rebound. Volatility indicators show DMI- significantly exceeding DMI+ (27.68/13.57), and the ADX at 34.41, indicating a strong downtrend. The ATR of 46.65 suggests the downside could extend by nearly 50 USD. If the support at 4487 is broken, further decline towards the support level S1 (4255.56) is possible. For the short term, attention should be paid to the 4487/4450 zone as potential bearish targets in the 15-minute timeframe. Market capital flow shows a pronounced divide between bulls and bears. Large traders may be exploiting price spikes to induce buying and then quickly reversing to sell off, warning of potential manipulation. There has been no significant increase in trading volume, and the main players’ liquidation process remains covert, presenting latent risks. Overall, considering the current technical signals, the probable future trend in the next 15 minutes remains weak. The price may decline to retest previous lows in the 4450-4490 range. If this level is broken, be cautious of accelerated declines. Support levels below are S1/ATR zones (4255-4450). Short-term trading advice: Avoid contrarian long positions. Maintain a bearish outlook. Wait for a rebound that fails to break resistance at 4500-4535, then consider small short positions with a stop loss at 4550. Take profit in the 4450-4490 zone.