Binance ETHUSDT 15m Trend Prediction

From the candlestick chart, it can be observed that ETHUSDT has experienced a significant decline from around 3900, currently hovering near 3412.74, indicating an overall obvious downward trend. Technical indicators are comprehensively bearish: RSI across multiple timeframes are in oversold territory but have not yet shown divergence at the bottom; MACD shows a death cross with increasing negative value, indicating that the downward momentum remains strong. Bollinger Bands analysis shows the current price approaching the lower band at 3399.84, with a bandwidth of 0.021335 relatively narrow, suggesting limited volatility; the price may continue to seek support near the lower band. From trading data, the active buying and selling ratio is 0.6826, leaning toward the sell side, although the large holder long and short positions ratio of 2.5450 indicates a heavier long position, which could face stop-loss pressure. Support and resistance analysis indicates that the main support levels below are at 3165.41 (S1) and 3055.0 (S2); the current price has some space to approach the nearest support. Volume analysis shows high market participation, with a 24-hour trading volume reaching 18.4 billion, indicating active trading at the current price level, but attention should be paid to whether this is driven by panic selling. In the short term, the price is expected to continue to face downward pressure, with a target range of 3380-3400, close to the lower Bollinger Band and previous support levels, which may facilitate a short-term rebound. Risk reminder: If the price breaks below the 3380 support, it may accelerate downward to 3350 or even lower. It is recommended to wait for RSI divergence signals or price stabilization before considering a rebound.