Binance ETHUSDT 2h Trend Prediction

In recent price movements, ETHUSDT exhibits a certain downward trend. The Bollinger Bands show that the price is approaching the lower band, and the MACD indicator is negative, with the RSI being low, suggesting a potential short-term correction. The disparity between large investors' long positions and the short bias in the number of accounts indicates possible market concerns. The price is near the lower support level S1 (2930.99), although this support may not be reached immediately, the downside pressure is significant in the short term. Due to high trading volume and turnover within the past 24 hours, the market shows certain volatility; however, the comparison between large investors' positions and the number of accounts suggests a relatively bearish market sentiment. Trading suggestion: Considering the market’s downward pressure, it is recommended to remain on the sidelines until a clear rebound signal appears. If signs of a rebound emerge, consider entering the market cautiously, with strict risk management.