Binance ETHUSDT 15m Trend Prediction

The price is currently near the lower band of the Bollinger Bands, indicating increased bearish pressure. The MACD in negative territory is expanding, suggesting a forming downward trend with insufficient market momentum to support an upward move. All RSI indicators across different periods are below 50, indicating a weak market with insufficient buying strength. Although the ratio of long to short positions and the proportion of large holders' holdings favor longs, market resistance exists, and longs may choose to take profits, accelerating the downward price movement. Current trading volume does not show a significant increase, reflecting cautious participation that may prolong the downward trend. Considering the unfavorable short-term indicators, it is recommended that short-term traders focus on support around 3150 and set strict stop-losses below 3130 to hedge against potential declines. For short-term trading within the 3150-3160 range, attempt to build positions if this support is confirmed. However, remain alert to trend continuation risks and prepare for downside scenarios.