Binance ETHUSDT 15m Trend Prediction

The current ETHUSDT price of 3375.13 is in an obvious downtrend. From the candlestick chart, it can be seen that the price has experienced a substantial decline from a high of 3900, and is still in the process of seeking a bottom. Technical indicators are overwhelmingly bearish: the RSI indicator shows a severe oversold condition, but in a downward trend, oversold states often persist; the MACD indicator displays a classic bearish alignment, with the histogram remaining negative, indicating that bearish momentum remains strong. Bollinger Bands analysis shows that the price has broken below the middle band support, currently oscillating near the lower band. The Percent B is only 0.159667, indicating that the price has deviated from the normal volatility range, with significant selling pressure. DMI trend indicators further confirm bearish dominance, with DMI- reaching 28.4995 while DMI+ is only 12.5597. The ADX value of 25.1893 suggests a trend of moderate to strong strength, supporting the continued decline judgment. Regarding market sentiment, although the large traders' long to short position ratio of 2.6591 indicates a bias towards long positions, the active buy-sell ratio of 0.8038 shows that selling pressure in actual trading is stronger. This divergence often signals further price adjustment. Support and resistance analysis indicates that an important support at S1 is at 3272.24. Considering the current technical indicators and market sentiment, the price is likely to test this support level. The expected target range is 3320-3360. This range takes into account the current Bollinger Band lower band support at 3358.81 and the next significant support level, providing potential rebound space. Risk warning: Although technical indicators show oversold conditions, in a strong downward trend, oversold states may persist for an extended period. It is recommended to wait for clear reversal signals before considering a bottom fishing operation.