Binance ETHUSDT 15m Trend Prediction

ETHUSDT experienced a rapid decline at the 15-minute cycle level in the past period. The current price is consolidating around 2834. Rebound momentum has slightly improved but there is considerable resistance to filling the gap. The Bollinger Bands are converging, but the price has not approached the bands, indicating neither bulls nor bears have a strong breakout intention. From the MACD perspective, although a preliminary golden cross has occurred, it remains mainly in the negative territory. Therefore, the strength of the rebound is limited by the bearish momentum, and typical long positions should wait and see. The RSI has rebounded from low levels, indicating selling pressure is weakening but not yet overbought. The bulls and bears are approaching equilibrium. In terms of funds and open interest, large players still hold a predominantly long position, but their proactive buying is not strong, suggesting the market is currently in a phase of correction rather than reversal. Regarding candlestick patterns, the 2830-2850 zone has repeatedly seen consolidation platforms; above 2850 acts as short-term resistance, while 2810 is the lower Bollinger band and a stage support. The range is well-defined, and trading should primarily focus on high selling at the upper boundary and buying at the lower boundary. The bottom has not yet confirmed a stabilization signal, with support levels not clearly broken downward. Expect the price to trade within a range over the next 15 minutes. If subsequent volume or funding positions show significant changes, then consider adjusting trading strategies accordingly.