Binance ETHUSDT 15m Trend Prediction

ETHUSDT is currently in a clear short-term bearish trend, with the MACD negative value expanding and forming a death cross, indicating potential further downside in the near term. Multiple timeframe RSI indicators are in oversold territory, but no reversal signals are observed, suggesting the weakness may persist. The candlestick chart over approximately 400 periods demonstrates a general pattern of downward breakdown from high levels. Recent volume spikes accompanied by increased amplitude have amplified market volatility, reflecting heightened panic sentiment and selling pressure. Consolidation near the lower band of the Bollinger Bands, with a low Percent B value, indicates a lack of momentum for a short-term rebound. The price has significantly broken below all key moving averages, with limited support strength, indicating an overall downward trend. The DMI indicator shows strong bearish momentum, with the ADX in a clear trending zone (>40), while the +DMI remains far below -DMI, with no signs of reversal. Indicators of long and short positions along with large account flows show that bulls are attempting to rebound. However, major holdings are lagging behind, unable to effectively lift the market in the short cycle. The current dominance is bearish. The primary support level S1 is at 3,677.7. If the short-term decline continues, this level may be tested; a fall below this could accelerate the decline. Conversely, holding this support may result in slight range-bound oscillations. The 15-minute timeframe is expected to remain inertially downward, with a target price range of 3,680 to 3,720. After overselling, a volume-supported stabilization might occur, offering opportunities for sideways movement or a rebound. However, the main trend remains bearish; caution is advised. Reckless buying at the bottom is not recommended.