Binance ETHUSDT 15m Trend Prediction

ETHUSDT 15-minute cycle experienced a cliff-like decline, breaking below all important moving averages and the middle Bollinger Band, approaching the lower band without signs of reversal. Technical indicators have all turned bearish, with RSI oversold across all timeframes indicating a potential short-term slight oversold rebound, but extreme oversold conditions do not imply an immediate reversal. In a weak market, downward momentum often continues to be released. MACD remains in a downward trajectory without divergence signals, accompanied by strong bearish volume, indicating weak rebound potential. KDJ lines at low levels are converging, suggesting a high probability of sustained weakness. Volatility measures (ATR, trading volume) have sharply increased, indicating that short-term selling pressure has not yet subsided. Panic sentiment and stampede effects are present, with expectation of continued oscillation downward to seek support. From the order book perspective, large accounts' long and short positions, as well as account ratios, have become extreme, indicating some major players may be trying to bottom fish. Nonetheless, such extreme conditions are insufficient to stop selling pressure; short-term recovery awaits the exhaustion of selling momentum. The primary support zone below is around 2780-2830, which corresponds to historically dense trading and the vicinity of the lower Bollinger Band. Short-term support and oversold rebounds are possible, but the overall bearish trend remains unaltered. Trading suggestion: Exercise caution and avoid contrarian bottom-fishing. Wait until the 15-minute MACD or KDJ shows a clear bullish divergence, and trading volume bottoms out and begins to decrease, before considering low-cost buying. In the short term, while shorting is permissible, caution is needed against rapid rebounds after extreme oversold conditions. If prices break below 2780, there is a risk of deeper pullback. Conversely, a strong rebound and stabilization above 2850 would necessitate a reassessment of the bullish-bearish balance.