Binance ETHUSDT 2h Trend Prediction

ETHUSDT recently experienced a downward move, followed by a rebound that was halted by resistance above, with the MA20 and MA50 forming a resistance zone, showing no reversal. The lower Bollinger Band exerts significant pressure, and the current price is oscillating near the lower band without clear signs of stabilization. The short-term RSI indicates extreme overselling, suggesting potential for a short-term technical rebound. However, market pressure remains, and no effective rebound momentum has formed. Combined with increased volume and a bearish trend, the prevailing weak sentiment continues. Both MACD and KDJ show bearish signals, with increasing green bars and the J-value bottoming out without bouncing, indicating that key players still have a need to probe lower in the short term. The DMI indicator shows -DMI significantly higher than +DMI, with rising ADX, indicating an intensifying bearish trend. The active buy-sell ratio and the high holdings of large investors suggest bullish sentiment on the surface. However, when combined with market conditions and volume data, this appears to be a trap to induce buying, and there is a significant risk of further short-term declines. Support levels are focused at 4310 (S1). If broken, there is a possibility of testing 4275 and 4220. Resistance is around 4450, in the convergence zone of the Bollinger middle band, MA5, and MA10. It is expected that over the next two hours, the market will continue a weak oscillating downward movement within the range of 4310-4450. It is advised not to blindly bottom fish in the short term and to observe cautiously. Should an extreme oversold condition trigger a sharp rebound, moderate attention to a bounce is permissible, but quick entries and exits are recommended. Stop-loss should be set below the support at 4220.