Binance ETHUSDT 15m Trend Prediction

ETHUSDT has recently shown a clear downward trend on the candlestick chart, with Bollinger Bands data indicating the price is operating below the middle band, and the percent_b is relatively low, suggesting a predominantly bearish market sentiment. The DIF and DEA in the MACD indicator are both below the zero axis, displaying obvious bearish signals. Although the MACD histogram shows potential temporary resistance, the overall trend remains bearish. The RSI indicator demonstrates relative market weakness, with values close to 30, implying that bearish momentum may have a slight advantage but are also approaching oversold levels, which could provide short-term support. The active buy-sell ratio in the exchange and the large account holdings indicators show that the bearish force is dominant, especially as the number of short versus long accounts is significantly greater than 1, indicating strong downward momentum. Despite the funding rate being negative to attract long positions, the current market trend and technical analysis do not support a strong rebound. It is recommended to remain cautious and wait for clearer reversal signals before making decisions. Based on comprehensive analysis, it is predicted that the price may continue testing lower support levels in the short term. Investors are advised to stay cautious and wait for confirmation at the support levels before taking action.