Binance ETHUSDT 15m Trend Prediction

ETHUSDT is currently in a significant strong rebound phase. The candlestick chart shows a rapid decline yesterday, followed by a strong rally by the bulls today. Trading volume has been continuously increasing, and combined with the bullish and bearish data, it is evident that major players are controlling the market. From a technical perspective, the upper Bollinger Band is pressing near 3052. If volume continues to expand in the short term, the target could be towards the first resistance level at 3099. The moving average system displays a strong bullish capital pattern, making a short-term correction unlikely to see an effective bearish reversal. On the capital side, the ratio of long to short positions held by large institutional investors and the number of accounts have both surged significantly. Most large funds are positioning for a bullish trend. Additionally, the rising proportion of active buy-in on mainstream exchanges like OKEX maintains an optimistic capital outlook. Attention should be paid to the RSI, which has entered a serious overbought condition. There could be a short-term profit-taking correction and volatile swings ahead. However, the overall trend has not yet turned bearish, and the correction is unlikely to fall below the first support level at 2974. Overall, ETHUSDT is expected in the short term to challenge the resistance zone between 3050 and 3099. It is recommended to consider increasing long positions. More aggressive traders may consider buying on dips at the MA5 or S1 support levels and selling at higher points to hedge against the risk of a correction following rapid gains. Stop-loss levels can be set below 2960 (at the overlapping point of the middle Bollinger Band and support zone). Once a clear overheating signal appears with a break above 3099, a gradual reduction of positions can be considered.