Binance ETHUSDT 1d Trend Prediction

ETHUSDT current price is 3170, approaching the lower Bollinger Band (2977.81). The overall pattern shows a continuous decline, with amplitude in a shrinking phase, indicating weak rebound momentum. The MACD indicator's negative value continues to expand, demonstrating a clear short- to medium-term bearish trend, with no bottom divergence signals appearing. Downward correction pressure remains ongoing. The RSI series indicators are in an extreme oversold condition. Although the market has entered the oversold zone, short-term price rebounds remain absent. Further decline may be necessary before a rebound opportunity arises. It is not advisable to blindly buy the dip in the short term. The KDJ three-line indicator is at a very low level, showing the market is very weak and may experience low-position consolidation followed by a further decline. The moving average system showing a clear bearish arrangement indicates heavy short-term pressure, suggesting ETH is still in a weak phase. The DMI negative indicator (dmi_minus 30.28) is significantly higher than the positive (dmi_plus 9.80), and ADX is high at 37.62, reflecting a clearly defined trend structure with a high probability of continued downward momentum. On-chain and position sentiment data show active buying and selling, a high proportion of long account holdings, and large holder positions noticeably leaning bullish. However, this contradicts the technical pattern. There is a risk of short-squeeze or forced covering by bulls, which could lead to a trapping effect. In summary, ETH is likely to continue testing the lower Bollinger Band (around 2977) in the short term, with a potential test of the support zone at S1 (2950-3000) in extreme cases. Future price movements are expected to fluctuate downward within the range of approximately 2970 to 3170. A break below 2970 would significantly increase the risk of a sharp decline, so caution is advised—avoid bottom fishing for now and wait for the bearish momentum to complete.