Binance ETHUSDT 1d Trend Prediction

The current ETHUSDT price is operating between the MA5 (3418) and MA200 (3412). Over the past three days, it has remained close to the lower support level. If this support is broken, further decline towards S1 (3353) is likely. After testing 400 candlesticks, the overall trend has been a continuous decline from the high zone of 4100-4300, with the price now clearly entering a weak consolidation zone. The Bollinger Bands width is 0.276, indicating a position in the lower-mid range historically. The current proximity to the lower band suggests reduced price volatility and an increased downward risk. The ATR (234) has risen compared to previous periods, reflecting amplified short-term market volatility. Under bearish dominance, rapid declines or volume-driven drops are more likely. The MACD has experienced a prolonged death cross, with the negative value widening, and no signs of bottoming or reversal. Coupled with RSI remaining in oversold territory, the short-term rebound probability is low. The DMI indicates bearish bias (dmi_minus significantly exceeds dmi_plus), and the ADX trend strength confirms the downtrend has not changed. Market sentiment does not support a reversal. Although the number of long versus short accounts and large holder positions both exceed 2.5, implying a bullish bias, the active buy-sell ratio and actual price movements suggest these holdings may include bottom-fishing components, potentially leading to stop-loss-driven handovers. If the price cannot quickly regain above the MA10 (3560), further accelerated declines are likely. The 24-hour trading volume is effective (2.82 million with an equivalent of nearly 1 billion USDT), indicating strong selling pressure. Recent daily candlesticks show consecutive large bearish moves with weak rebounds. Large order inflows have not altered the trend; bullish pressure is evidently limited. Caution is advised against high-leverage reckless bottom-fishing. In terms of support and resistance, the first support S1 (3353) is the short-term target, with possible retests below. A breakdown could lead to a further decline toward S2 (2736). Resistance levels are difficult to break within a short cycle, with significant pressure above 3700. Trading strategies should focus on shorting within the range of 3350-3520, unless strong volume reversal signals appear. In summary, ETHUSDT is highly likely to continue its weak oscillation over the next 1 day, with the price range between 3350-3520. The main trading bias should be to follow the trend and short or remain on the sidelines.