Binance ETHUSDT 2h Trend Prediction

The Bollinger Bands indicator shows that the current price has approached the lower band, combined with the Percent B near the bottom, suggesting to observe whether it can break through the support. The MACD shows both DIF and DEA are negative, and the MACD histogram is expanding, indicating that the downward momentum is still strengthening, and there may be further decline in the short term. The RSI indicator is in extreme oversold territory. Although a technical rebound could occur, the overall market sentiment and trading indicators do not support a strong rebound, implying higher short-term risks. The KDJ indicates a clear downward signal, especially with the J value entering negative territory, suggesting potential continued weakness in the short term. Support and resistance levels indicate that the current support at S1 near 4160 is effective; if it breaks below S1, the price might further decline. Given the current market context, it is advisable to adopt a wait-and-see approach, awaiting the price to move within a more reasonable range, and consider a short-term test when the 4160 support proves effective.