Binance ETHUSDT 1d Trend Prediction

ETHUSDT recent candlestick chart exhibits a typical weak correction trend, with the price falling from high levels and continuously breaking multiple moving averages, with no apparent technical support. The MACD dead cross persists, indicating strengthened bearish momentum; combined with the low-position weak structure of the KDJ, this suggests a significantly high downside risk in the short term. Short-term rebound potential is lacking, caution is advised for further decline to the next support zone. The Bollinger Bands show the price approaching the middle and lower bands, with bandwidth narrowing, implying decreased volatility and dominance of the bears. The RSI is trending downward, indicating a bearish market sentiment. Support levels are at S1(3099.6) and S2(2900.0). Given the lack of significant volume increase testing these supports, the primary focus is on the 3700-3880 zone. It is expected that the price will fluctuate within this range over the next day, but with a notably shifted downward center of gravity. The active buy-sell ratio is not high. Although account data predominantly show long positions, short-term accounts may be hedging at high levels, indicating non-trend-driven active longs. The large traders' long-short position ratio is relatively high mainly due to structural reasons rather than active buying, so caution is needed against capital outflows and forced corrections. Volatility indicators are acceptable, but the trend strength is weak overall. Market participation remains moderate, with no signs of a major reversal by key market players. Cautiously consider short positions within the 3700-3880 range; if volume-breakdown occurs, watch for rebound opportunities at support zones. Stop-loss at 3930 (above MA5), and take-profit at 3720 (lower boundary of the range). Risk warning: If intraday volume surges significantly, MACD shows clear reversal signals, or KDJ/J rapidly jumps, be alert to oversold rebounds. Current operations should primarily focus on shorting, avoiding chasing shorts below key support levels, and timely locking in profits.