Binance ETHUSDT 15m Trend Prediction

Comprehensive technical indicator analysis indicates that ETHUSDT is currently in a weak correction phase. The price is hovering around 3557, situated within the lower-middle band region of the Bollinger Bands, with a bearish technical outlook. The MACD indicator remains below the zero axis, although the MACD histogram has narrowed. Overall, it still indicates a downward trend. Both DIF and DEA are negative and DIF is below DEA, confirming a bearish pattern. The RSI indicator combination shows that RSI14 has approached the oversold warning line at 40, but RSI6 and RSI12 remain above the neutral zone, suggesting there is still room for correction in the short term, likely to converge towards RSI14. The moving average system shows that the current price is above MA5 and MA10 but below the important MA20 medium-term moving average, which stands at 3566.15 and provides a clear resistance. The price needs to break through MA20 effectively to reverse the weak trend. The DMI directional trend indicator clearly indicates that bears are dominant, with DI- significantly greater than DI+, and the ADX at 20.7564 suggests a moderate trend strength, supporting the continuation of the correction. Support and resistance analysis indicates key support levels at S1 of 3505.55 and S2 of 3500.00, which are important technical support points. The current price is approximately 50 points above S1, indicating considerable room for correction. Funding surface analysis shows that although the number of long and short accounts ratio at 2.2425 suggests retail trader sentiment is bullish, the large holders' long/short position ratio of 2.6857 and the account number ratio of 2.5600 also skew bullish. However, the negative funding rate reflects prevailing bearish sentiment. Volume analysis shows that the 24-hour trading volume is moderate, with no clear breakout signals in volume surges. In the absence of strong positive catalysts, technical correction probability remains high. The expected target zone is between 3520 and 3540, which is near the lower Bollinger Band at 3522.87 and represents a reasonable technical correction target. If the price falls below 3520, further testing of the support level at 3500 may occur.