Binance ETHUSDT 15m Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a pronounced downward trend. The price has broken multiple key moving average supports, and the technical signals are fully bearish. The RSI indicator shows an extremely oversold condition, but in a strong declining trend, oversold status may persist for an extended period. The MACD indicator is below the zero line and continues to weaken, confirming that downward momentum remains robust. Bollinger Band analysis reveals the price has approached the lower band at 3370.83; however, considering the current strong decline, the price may further test or even breach the lower band. The bandwidth of 0.028 indicates moderate volatility. The DMI indicator clearly shows that the bearish power is dominant, with DMI- reaching 32.53 and DMI+ only at 9.35. The ADX at 30.08 indicates a strong trend, suggesting the downward trend may continue. From support and resistance analysis, the current price has broken below the S1 support around 3357.94. The next significant support level is near S2 at 3245.00, and the price may test this zone in the short term. Trading volume data shows that the 24-hour volume remains active, but the active buy-sell ratio of 0.7663 indicates greater selling pressure. The funding rate of 0.00006587 is positive but small, implying that long-side funding costs have slightly increased. Long and short position data reveal large traders' long-short ratio of 2.75 and large trader account ratio of 2.88. Although this suggests a bias towards long positions, it may serve as a contrarian indicator; in a falling trend, large traders holding longs could face increased pressure. Overall assessment suggests that ETHUSDT may continue its short-term decline towards the 3350-3370 range. Attention is recommended to be paid to the breach of the lower Bollinger Band at 3370.83 and the S1 support at 3357.94. A breakdown of these key supports could lead to further declines towards around 3300. Risk warning: Although technical indicators show oversold conditions, caution is advised against bottom fishing in a strong downward trend. It is recommended to wait for clear reversal signals, such as RSI divergence or MACD golden cross, before considering contrarian trading.