Binance ETHUSDT 15m Trend Prediction

Recent explosive rally has occurred, with the price forming a short-term high between 3300 and 3340, followed by a high-level pullback and consolidation. The overall candlestick pattern exhibits a characteristic of a unilateral upward surge followed by a oscillatory correction. MACD continues to operate in negative territory, indicating that the bullish momentum has not yet been exhausted. However, the short-term correction faces significant resistance, and the overall trend has not established a new strong upward drive. RSI series indicators are recovering from lows, suggesting short-term market sentiment has stabilized and overbought conditions are diminishing. While the large investors' position remains somewhat bullish, retail traders and active funds are generally adopting a wait-and-see approach, with no extreme market sentiment observed. Trading volume has not continuously increased, reflecting insufficient follow-through buying, and the upward movement requires time for digestion. Support levels are densely clustered between 3285 and 3300. A breach below this zone could test the 3089 support, but the probability of short-term breakdown is low. The trading range is constrained between the midline at 3300 and the upper boundary at 3335. Operations should mainly follow a range-bound strategy, with attention to volume and major market participants' behavior for breakouts or dips. Overall, ETHUSDT has entered a short-term oscillation and correction phase. It is advisable to wait for a breakout of the range before adopting a trading stance. Both short-term bullish and bearish positions are susceptible to false breakouts, so caution is required in position sizing and monitoring price breakout signals.