Binance ETHUSDT 1d Trend Prediction

ETHUSDT is currently in a daily-timeframe downtrend. The candlestick chart shows a continuous weakening after periodic highs, with no clear bottoming signal. All moving averages from long to short-term have been effectively broken through by the price, indicating a clear bearish MA arrangement, and short-term rebound momentum is lacking. From the Bollinger Bands perspective, the current price is close to the lower band (3040), and the bandwidth has reached 0.32, indicating increased volatility predominantly in a downward direction, with the percent_b being very low, suggesting a high probability of oscillating near the lower band or even probing lower levels. The MACD exhibits increasing bearish volume with no clear signs of decreasing, implying further downside risk. The RSI across short and long periods is in extremely weak zones; an oversold condition does not necessarily indicate a rebound, reflecting that the current bearish trend has not yet ended. The KDJ indicator’s three lines are collectively at low levels, especially the J line rapidly decreasing to 13, indicating accelerated short-term selling but without forming a clear turning point; market panic sentiments have not yet been cleared. The DMI combined with ADX indicates a strong bearish trend, with DMI minus at 31, far exceeding the bullish momentum, and ADX at 35 pointing to a strong trend. The rebound resistance is very high. The short-term decline persists; it is advisable to avoid contrarian trades. Market liquidity shows held positions and account numbers are relatively high, but the active buy-sell ratio is below 1, indicating that passive short positions still dominate, and market selling pressure has not yet dissipated. Support level analysis: S1 (2356) and S2 (2111) are strong support levels. The current target price range is 3000-3100, and breaking below would open further downside space. Resistance levels are relatively weak, and there is no strong rebound momentum in the short term. Overall judgment suggests ETHUSDT will predominantly continue to weaken or consolidate at low levels over the next 1 day. Without significant positive news, a strong rebound appears unlikely. Trading strategies include observing or riding the trend to short at higher levels, with a recommended stop-loss above 3100 and take-profit in the 2950-3000 range.