Binance ETHUSDT 30m Trend Prediction

The current ETHUSDT price is gradually approaching below the middle band of the Bollinger Bands, indicating significant selling pressure. In the short term, it may continue to seek support at lower levels. The MACD is in negative territory and has formed a death cross, suggesting strong selling momentum in the short term. Although the RSI is in the oversold zone, it has not yet triggered bullish support, posing a risk of further decline. The moving average system indicates a short-term downward trend, with the MA5 gradually falling below the MA10, increasing the likelihood of further downside. The large account long-short positioning ratio shows relatively weaker bullish strength, while the number of long and short accounts further supports a bearish sentiment. This phenomenon may lead to continued price decline in the short term. Combining price pattern and technical indicators, within the next 30-minute timeframe, the price may fluctuate and decline in the range of 3745-3770. It is advisable to observe the strength of the support levels below. If the 3670 region is effectively broken, further downside targets may be tested. Conversely, if the market shows a resurgence, caution should be maintained; short-term gains should focus on taking profits.