Binance ETHUSDT 15m Trend Prediction

ETHUSDT has recently experienced a significant decline on the 15m timeframe, with increased trading volume, indicating short-term bearish pressure release. After falling near the middle band of the Bollinger Bands, the price halted its decline and rebounded. The short-term moving averages (MA5, MA10) are already showing a bearish alignment, while MA20, MA50, and MA200 are positioned further away from the current price, indicating strong resistance above. The rebound is limited, and the market is still in a correction phase to digest the previous decline. The MACD histogram has turned positive, but the main line remains below zero. Short-term upward momentum is primarily due to oversold corrections. Currently, the market has not formed a new bullish trend, and a volatile correction is expected within 15 minutes. The RSI indicator shows that short-term overextended energy has just been released. It is in a neutral correction stage. Coupled with the low J-value of KDJ, a short-term rebound is possible; however, resistance above is evident. The expected trading range is 2800-2850. Major market funds and large account holdings remain biased bullish in the short term, but prior to a complete reversal of the overall downtrend, only technical rebounds can be driven. Attention should be paid to resistance zones created by gap-ups above. Volatility and ADX indicate that short-term market fluctuations are still substantial, but trend signals are lacking. It is advisable to observe and wait for clear range-bound trading before making directional decisions. Trading strategy recommendation: In the short term, consider capitalizing on the high and low points within the range for quick entry and exit. For breakouts of the range, follow the breakout direction. Set stop-loss at the lower Bollinger Band (around 2811). A breakout above 2850 targets towards 2880. If the price falls below 2810 again, subsequent risks of further decline should be prepared for.