Binance ETHUSDT 2h Trend Prediction

ETHUSDT is currently in a significant short-term oversold and weak downward trend. The Bollinger Bands show that the price is approaching the lower band, and the band width has expanded. If the lower band cannot provide effective support (at 4312), the short-term price may further test the strong support around 4160. Both MACD and RSI signals are showing clear weakness, and the short-term moving averages remain in a bearish alignment, indicating limited intra-day rebound momentum. Although current volume is high, it predominantly reflects volume during declines; bottom-fishing behavior has not reversed the bearish trend. DMI and KDJ indicators both confirm the dominance of the bear trend. The strengthening ADX indicates a clear trend, suggesting a quick short-term bottom search. Notably, while some large traders show signs of attempting to go long, buying activity lacks enthusiasm, making rebounds easily hindered. Support and resistance levels are clearly defined. If support level S1 (4160) fails, the price may swiftly decline towards S2 (3670), the previous low zone. If S1 holds in the short term, the downward slope may slow, but the rebound potential remains limited. Recommendation for the next 2 hours: primarily observe the market; for those holding long positions, set stop-loss orders below S1 (4160) to prevent further losses from expanding; aggressive traders may consider light short positions with targets between 4160 and 4310. If signs of stabilization or reversal appear, consider partial rebounds; avoid blind bottom-fishing for now. Risk warning: Even in extreme oversold conditions, sudden large orders can cause short-term upward surges. It is advisable to strictly control position sizes and adapt flexibly to strong intra-day volatility.