Binance ETHUSDT 15m Trend Prediction

Current market data indicates that ETHUSDT may be in a downtrend. Based on MACD and RSI analysis, there is considerable short-term selling pressure. The Bollinger Bands volatility shows that the current price amplitude is small, possibly due to market hesitation, but the lower Bollinger Band percentage suggests the price is inclined towards the lower band. Although the large holder positions and account count indicators are skewed bullish, considering the short position-to-long position ratio and other technical indicators' downward trend, it suggests that the market may continue to test new support levels in the short term. Volume data samples do not show significant upward momentum; aligned with current amplitude and volatility analysis, this supports the possibility of further price decline. It is advised that traders closely monitor the level around 3500, which aligns with technical support and could provide a buying opportunity, but they should remain alert to further market sentiment changes and the potential risks of substantial sell-offs.