Binance ETHUSDT 1d Trend Prediction

The current daily trend of ETHUSDT is downward, with the latest candlestick closing price below all major moving averages, indicating significant technical pressure. It corresponds to the lower band of the Bollinger Bands, implying the possibility of further decline. Trading volume has not shown significant expansion in nearly 24 hours, with the active buy-sell ratio slightly below 1, indicating limited bullish strength; the market has not yet exhibited signs of stabilization or a strong rebound. RSI across various periods remains weak, consistently in the 30-40 range for several days, and the MACD remains in negative territory with widening divergence, signaling bearish momentum dominates the market. Although large traders' data (long-short ratio) shows concentration of long positions, major funds are mostly in a wait-and-see mode, awaiting low-price accumulation. Structurally, this provides some support for the price, but short-term rebound potential is limited. Support level S1 (2329.44) is significantly below the current price. Considering ATR and current volatility, a decline to below this range is expected, followed by potential oscillation and correction, with short-term target zones of 3250-3350. If trading volume continues to shrink and the price breaks the recent lows, further support around 3200 should be monitored. Overall, the short-term trend remains bearish. Cautious operation is advised; without a clear sign of a bottoming out, buying the dip is not recommended, and rebound space is limited. Monitoring the stability within the 3250-3350 range is crucial. If the price breaks below this zone, it is better to stay on the sidelines; if a rebound occurs with supporting volume, short-term trading can be considered.