Binance ETHUSDT 1d Trend Prediction

ETHUSDT daily chart shows a sharp drawdown from recent highs above 4000 to current levels, closing just above the lower Bollinger Band. Persistent oversold readings on the RSI, paired with strong negative MACD and DMI trend, reinforce that bearish momentum remains dominant. Despite elevated whale and top-account long ratios, historical context suggests periods of such one-sided positioning often resolve with forced liquidations and further downside, rather than immediate reversals. Candlestick structure signals strong supply as each attempt to push higher has been met with rejection and follow-through selling, with volume spikes on down candles. Bollinger Band compression with price riding the lower band and no mean reversion attempt points to continued bear control; only a volatility surge or clear bullish divergence could reverse the trend. Immediate downside targets are the 3870–3710 range, with 3710 representing a critical floor from both technical and volume-based perspectives. Below that, risk increases drastically. Short-term, traders should avoid anticipating a bounce until either: 1) a downward spike flushes out leveraged longs (liquidity event) or 2) reversal patterns combined with strong volume emerge. Until then, selling into bounces or waiting for confirmation of trend change is optimal. Risk management: Watch for abnormal volume surges coupled with bullish divergence as potential reversal signals. Set stops above MA10 (4180), trail profits aggressively, and avoid counter-trend longs until clear confirmation. In summary: Maintain a defensive bias, avoid knife-catching, and anticipate further downside toward 3710–3850 unless proven otherwise by price structure and volume confirmation.