Binance ETHUSDT 15m Trend Prediction

ETHUSDT on the 15-minute timeframe, currently exhibiting very weak overall momentum, with the price near the lower Bollinger Band. After a substantial rally in the past, it has consolidated at high levels. A correction signal has emerged, indicating short-term bearish market sentiment. The MACD continually shows a death cross with increasing divergence, indicating a bearish trend dominance with no signs of reversal yet. The Bollinger Band width is expanding, and the %B is very low at approximately 0.075495, suggesting the asset may be in the late stages of a momentum-driven decline, with limited potential for a short-term rebound. RSI across multiple periods shows extreme overselling, implying a temporary demand for a rebound to halt the decline. However, considering the active buy/sell ratio and overall capital bias towards the bearish side, the potential upside of any rebound remains limited. While major holders' long and short positions are heavily skewed towards long, this sentiment is not reflected in active buying activity or price structure. The recent short-term rebound appears primarily as a corrective bounce rather than trend reversal. Caution is advised to prevent falling into traps of misleading upside moves. Primary support lies in the 3280-3270 zone. Should it break below this level, the next support target is around 3127. The first resistance is between 3310 and 3330. Volatility and trading volume remain elevated, mainly driven by panic selling. Traders are cautioned to avoid bottom-fishing and wait for a retest of support levels to confirm strength before considering light long positions on the left side.