Binance ETHUSDT 2h Trend Prediction

ETHUSDT recent overall performance has been characterized by oscillating downward. The candlestick chart shows a rebound from high levels followed by a persistent decline, with the current price breaking below the middle Bollinger Band and approaching the lower band. Short-term support is around 3055. Angular analysis indicates that the Bollinger Band width is narrow and the amplitude is contracting, reflecting cautious market sentiment. Meanwhile, the variance and trading volume have not significantly increased, lacking reversal momentum. Although MACD shows a slight rebound sign, both DIF and DEA remain below the zero line, failing to form a strong bullish trend. RSI6 is around 55, indicating neutrality, but longer-cycle RSIs (RSI12/14/24) are all below 50, evidencing considerable systemic bearish pressure in the market. The overall KDJ indicator ranges between 40-43, with the J line below K+D, indicating weak rebounds or further declines, implying short-term resistance. DMI and ADX show quantitative support for a downward trend, with volatility (ATR around 80 points), suggesting potential further breakdown within two hours. From a market structure perspective, the active buy-sell ratio (0.8686) and the large account long-short ratio are significantly skewed toward the short side. In theory, there could be short squeeze opportunities, but when considering actual order book and technical analysis, the dominant momentum remains bearish. Large holders' increased short positions or hedging and locking orders do not induce substantive upward movement. Support and resistance levels indicate S1 at 3055, representing the first effective support, with short-term testing likely. If trading volume does not narrow, rapid probing during trading sessions may lead to technical rebounds; however, the price remains constrained by MA10 and MA20 moving averages. It is recommended to maintain a defensive stance for short-term trading. The primary strategy is to short on rebounds, with reference target ranges of 3055-3130. If the price breaks above 3055, stop-loss should be applied promptly or observe whether rebound momentum is established.