Binance ETHUSDT 15m Trend Prediction

The current technical analysis of ETHUSDT indicates a clear bearish trend. The price at 3555.10 is within the lower band of the Bollinger Bands, with a Bollinger Band percentage of only 0.277, suggesting a bias towards the downside. The RSI indicator is severely oversold, with RSI12 and RSI14 at 23.54 and 22.44 respectively, both well below the oversold threshold of 30, indicating strong selling pressure. Although RSI6 is relatively higher at 40.17, the extreme oversold status of RSI12/14 is more significant for short-term momentum. The MACD indicator is completely below the zero axis, with DIF, DEA, and MACD all negative and continuing to deteriorate, reflecting an increasing downward momentum. The current MACD value is a substantial -9.50, indicating a strong bearish trend. The KDJ indicator shows K and D values at 32.57 and 23.05, both in the oversold zone. Although J at 51.62 is relatively higher, the oversold conditions of K and D better reflect the current weak market stance. In the DMI indicator, the negative DI- is 26.92, far exceeding the positive DI+ at 15.33. The ADX is 20.46, indicating a moderate trend strength and confirming a clear bearish trend. Regarding support and resistance levels, the recent support S1 is at 3505.55, and S2 is at 3500.00. The current price is near these support levels, and a test of this area is anticipated. The funding rate is negative, indicating that short positions in the futures market dominate, requiring longs to pay a fee, further confirming market bearish sentiment. Overall, the technical indicators suggest that ETHUSDT faces significant downward pressure in the short term, and the price is expected to decline towards the support zone of 3505-3525. Monitoring this support area for validity is recommended; a decisive break below could lead to further declines toward 3500 or lower.