Binance ETHUSDT 15m Trend Prediction

ETHUSDT current price is 2794.65, remaining close to the lower band of the 15-minute Bollinger Bands with percent_b only at 0.21, confirming the current weak oscillating downtrend. The moving average system shows signs of a death cross pattern, with short-term MAs (MA5, 10, 20) crossing below MA50 and maintaining a considerable distance from MA200, indicating that the downtrend is not yet mature. MACD remains below the zero line, with DIF slightly lower than DEA and decreasing histogram bars, continuing the bearish momentum. RSI6 plunged to extreme oversold levels, but other periods show no significant rebound signals, suggesting the primary downward wave inertia persists. KDJ indicators also show weakness, with J values hitting new lows, indicating a lack of rebound momentum in the market based on technical analysis. Volatility indicators still show an ongoing downward trend, with the DMI system extremely skewed bearish (DMI- far above DMI+), and high ADX readings (38.00), confirming a clear downward trend. Active buy/sell ratio and account number ratio further corroborate market weak buying pressure; large accounts are locked in positions but fail to provide substantial upward force. Market depth and proactive funds continue to lean towards a bearish bias. Short-term support level is around 2788. Should this level break, a test of lower support is expected. Given the extreme oversold condition, short-term oscillation within the 2765-2790 range is anticipated, forming a base for potential stabilization as bears attempt to cover positions. Overall assessment indicates that the 15-minute cycle primarily aims for a bottom through further exploration downward. Close attention should be paid to whether buying support in the 2788-2765 region can establish a short-term support. If this zone is lost, momentum may further decline to lower levels. Trade suggestion: Aggressive short positions can be retained but remain vigilant against sudden rebounds after extreme overselling. For bottom-fishing, wait until clear signs of a stop-loss or rebound confirmation before entering. Do not engage in blind buying. Place stop-loss below 2750. If a rebound pushes above MA5 (above 2800), consider partial profit-taking.