Binance ETHUSDT 30m Trend Prediction

ETHUSDT is currently operating in the lower central part of the Bollinger Bands, with the price continuously deviating downward from the midpoint, indicating a short-term downward trend. The MACD is expanding in negative territory, and the DIF is continuously declining, showing strong selling pressure in the market with no obvious signs of correction. The RSI is below 50 and continues to decline, implying the market is in an oversold state that may exacerbate the decline. From the KDJ indicator, the J line has broken below the K and D lines, indicating insufficient bullish momentum. Combined with the number of long and short accounts and large-holder positions, the overall market sentiment leans toward selling pressure. Funding rate remains slightly positive, reflecting a willingness among market participants to short. The high overall trading volume indicates significant selling force. Support and resistance analysis shows that S1 support is at 3311, which may provide short-term support within the 3450-3500 range, but further market response should be monitored. Overall analysis suggests a short-term possibility of further correction. It is advisable to remain cautious and wait for market confirmation of support before adjusting strategies accordingly. Be sure to set stop losses, and when the price falls below the expected range or indicators show further bearish signals, exit promptly.