Binance ETHUSDT 15m Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a pronounced weak correction phase. The price of 3599.59 is nearing the lower Bollinger Band at 3597.51, indicating significant downward pressure. The RSI indicator is in the oversold region across all timeframes, with RSI6 at only 27.1153, suggesting heavy short-term selling pressure. Although there is a possibility of a short-term rebound from oversold levels, the overall trend remains bearish. The MACD indicator exhibits a typical bearish alignment, with a MACD histogram value of -10.0323 indicating strong bearish momentum, making a quick reversal unlikely in the short term. Within the moving average system, the price has broken below MA5 (3604.17) and MA10 (3609.83), and is only slightly supported above MA50 (3592.68), although the reliability of this support is doubtful. Market sentiment analysis shows that, despite large institutional long-short holdings ratio of 2.8408 indicating a tilt towards bullishness, the active buy-sell ratio of 0.8179 demonstrates that selling pressure dominates, with clear signs of capital outflow. The KDJ indicator shows the K and D values are both in low territory, with J slightly rising to 36.1594, but overall remaining weak, indicating limited short-term rebound potential. Support and resistance analysis reveals only S1 support at 3380.71 below, which is relatively far from the current price, indicating a lack of effective intermediate support and a risk of accelerated decline if the current level is broken. It is expected that the price will test the 3590-3580 range in the short term. If this support zone fails, further decline towards around 3570 may occur. Caution is advised; wait for oversold rebound opportunities or support confirmation at lower levels.