Binance ETHUSDT 15m Trend Prediction

Comprehensive analysis of current market data indicates that ETHUSDT exhibits a clear bearish trend over the 15-minute timeframe. The price is currently at 3407.43, having broken multiple short-term moving average supports. Bollinger Bands analysis shows that the price is below the middle band, with a percentage of only 0.22315, indicating a tendency to move towards the lower band at 3385.77. The current bandwidth of 0.025417 suggests moderate volatility, providing space for downward movement. Momentum indicator MACD shows negative values across the board, with the negative difference between DIF and DEA widening, reflecting increasing selling pressure. Although RSI is in oversold territory, RSI6 (60.1433) and other RSI indicators exhibit a significant divergence, implying that after a short-term rebound, the decline may continue. Trend indicator DMI clearly favors the bears, with DMI- at 29.0581 and DMI+ at only 9.292; combined with an ADX of 25.813, these confirm the validity of the current downward trend. Support and resistance level analysis shows the price approaching the first support level S1 at 3368.05, with expected support within the 3380-3400 range. A breakdown below 3380 could lead to testing lower support at 3368.05. Fundamental data indicates that the active buy-sell ratio is slightly bearish at 0.8891; large traders' long-short holdings ratio is 2.7654, somewhat bullish, but the number of accounts ratio at 2.8610 suggests cautious retail sentiment. Overall capital flow supports a short-term correction. Trading strategy recommendation: Consider opening lightweight short positions in the 3400-3410 range, targeting 3385-3390, with stop-loss set above 3420. If the price rebounds above 3420, a reassessment of the trend is necessary. Risk reminder: The current RSI indicator is approaching oversold territory, so watch for technical rebounds. Strict position management and reasonable stop-loss placement are advised to avoid chasing shorts near support levels.