Binance ETHUSDT 1d Trend Prediction

ETHUSDT's past 400 daily candlesticks show a significant downtrend from higher levels, with the current price only a few points above the lower Bollinger Band, indicating limited consolidation space below. Persisting bearish candles remain, and the rebound momentum is weak. MACD continues to weaken, with no signs of a bullish golden cross at low levels, suggesting that the bearish forces remain dominant intra-day. If no sudden positive catalysts emerge in the short term, the probability of inertial decline is very high. RSI across all periods is in the severely oversold zone, theoretically indicating potential for technical rebound, but macrofundamental signals show no signs of reversal. The oversold condition of KDJ further supports this, with the J line at extremely low levels. Major traders and institutions hold a predominantly bullish stance, but trading activity remains low, indicating that main players might be reducing positions or exiting. Active capital has not entered the market; active buy orders and account numbers are decreasing. The support level below is 3353.51; a breakdown could accelerate decline towards the MA200 and S1 zone. Volatility and amplitude indicators show the market is in an accelerating downtrend. The short-term ATR remains high, making it very likely for the bears to dominate the market. The first resistance at 3878.53 remains difficult to break; recent rebounds are limited. As long as the price cannot consistently stay above the MA20 and the middle band of Bollinger Bands, the trend will predominantly remain bearish moving forward. In conclusion, ETHUSDT is highly likely to continue its weak decline over the next day. The target range is estimated at 3350-3480. If the support at S1 is broken, it may trigger a larger-scale bearish sell-off. The trading strategy should focus on short positions, avoiding being lured into rebounds. Stop-loss should be set above MA20 and the middle Bollinger Band (around 3880).