Binance ETHUSDT 15m Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a pronounced downward correction phase. From the Bollinger Bands perspective, the current price of 3384.21 is close to the lower band at 3378.15, with a Bollinger Band width of 0.010925, indicating a narrow volatility range and convergence; however, there remains room for further decline in price. The MACD indicator is in a clear bearish state, with the DIF line below the DEA line, and the MACD histogram at a negative value of -4.1839, signifying persistent downward momentum. The RSI indicators are in overbought territory across the board, with RSI6 at only 28.97; although there is potential for technical rebound, the dominant trend remains downward until a confirmed trend reversal occurs. The moving average system shows that the short-term MA5 is below the medium and long-term moving averages, creating a bearish alignment that exerts downward pressure on the price. Support and resistance analysis indicates that the key support level S1 is at 3371.61; a break below this may lead to further testing of S2 at 3311.26. The current target area of 3350-3370 is near the S1 support, aligning with technical expectations. Exchange data show that although the large traders' long-short positions ratio is 2.9456 favoring bulls, the technical bearish signals are more definitive. It is advised to remain cautious in the short term and consider seeking rebound opportunities within the 3350-3370 range. Risk reminder: if the price falls below the 3350 support level, it may continue to decline toward 3311.26. Strict position management is recommended, with a stop-loss set near 3340.