Binance ETHUSDT 15m Trend Prediction

The current ETHUSDT is in a clear downtrend. From the candlestick chart, it can be observed that the price has sharply rebounded from the high point of 3900 to approximately 3350, with a decline exceeding 14%. Technical indicators overwhelmingly bearish: RSI6 is only 7.613, indicating severe short-term overselling, but such overselling may persist; MACD indicators are all negative with the DEA line above the DIF line, confirming a downtrend; KDJ indicators show all three lines in oversold zones, especially the J line has fallen into negative territory. Bollinger Bands analysis shows the price near the lower band, with a percentage of only 0.021, suggesting the price is close to the lower boundary of the Bollinger Bands, with ongoing downward pressure. Although there is potential for a technical rebound, the overall trend remains bearish. The moving average system shows a bearish alignment, with prices below all short-term moving averages: MA5, MA10, and MA20 create resistance levels. The long-term MA50 at 3396.55 represents a significant resistance. Market sentiment analysis: Although the large traders’ long-to-short holdings ratio of 2.71 indicates a tilt towards long positions, the strong bearish signals from technical analysis may trigger further declines. The funding rate of 0.00002484 is positive, indicating longs are paying fees to shorts. Support and resistance analysis: Key support levels are at S1 (3314.11) and S2 (3122.67). The current price is only about 40 USD above the S1 support, suggesting a higher probability of a breakdown. Trading strategy: It is recommended to short in the 3340-3350 range, targeting the 3320-3340 zone. If the price breaks below the support at 3314, further downside to the 3280-3300 range can be considered. Risk management: If the price rebounds and breaks above 3380 (the position of MA20), a reassessment of the trend is necessary. Stop-loss should be set above 3380, in the 3385-3390 range. In the short term, the extreme overselling of RSI6 may trigger a technical rebound, but given the overall bearish trend, the rebound is expected to be limited. The primary strategy is to short on rallies.