Binance ETHUSDT 15m Trend Prediction

From the candlestick chart, it can be observed that ETHUSDT has shown a clear downward trend over the past several cycles, with the price continuously declining from above 3200 to the current level of 2979.20. Technical indicators are broadly bearish: RSI6 has reached an oversold level of 20.3, but continued overselling may persist during strong declines; MACD indicates a clear bearish signal with both DIF and DEA being negative and DIF below DEA. Bollinger Bands analysis shows that the price is currently below the middle band, approaching the lower band at 2959.59. The %b value of 0.241587 indicates the price tends toward the lower band, suggesting significant downward pressure. The moving average system is exhibiting a bearish alignment, with the price breaking below all short-term moving averages (MA5, MA10, MA20), which are acting as resistance above the current price, while only the long-term MA200 (3115.33) remains at a higher level. Market sentiment indicators are cautious: although large trader long-to-short ratios of 3.2386 and account counts ratio of 4.0942 show a bullish advantage, active buy-sell ratios of 0.8214 indicate stronger selling pressure, with actual trading behaviors leaning bearish. DMI trend indicators confirm a downtrend: DI- has reached 30.4, far exceeding DI+ at 10.9; the ADX value of 32.7419 suggests a strong trend, indicating the downtrend may continue. Support and resistance analysis: recent support is near 2958, also close to the lower Bollinger Band at 2959.59. The price is expected to test this support zone. If broken, it may further decline toward around 2950. Trading advice: it is recommended to wait for the price to retest the support area at 2950-2960 before looking for rebound opportunities, or consider light short positions when the price rebounds to the resistance area of 2990-3000. Positions should be strictly controlled, with stop-loss set above 3010.