Binance ETHUSDT 2h Trend Prediction

Based on current market data, ETHUSDT shows a short-term downward trend, as the price approaches the lower Bollinger Band, indicating a possible continuation in seeking support. The MACD indicator is negative and displaying a sustained decline, suggesting strong downside momentum in the market. The RSI is near the oversold zone but has not shown any rebound potential. Large holder holdings indicate that the bearish forces are dominant, and the market may continue to decline. Short-term investors may consider establishing positions at support levels. Volume data remains relatively stable but lacks clear upward drive, with support/resistance point S1 at 3029.37, indicating a possible downside target. Considering the technical indicators and chart trends, it is advisable to adopt a wait-and-see approach, confirming support before making further moves, as the short-term downside risk remains high. Trading strategy: The market sentiment is bearish. After the price tests the support level, consider counter-trend actions cautiously, with strict stop-loss measures. Stop-loss can be set around 3480 USDT to protect capital. Continue monitoring market changes to adjust strategies promptly.