Binance ETHUSDT 30m Trend Prediction

ETHUSDT is currently in an obvious downtrend, with technical indicators generally showing weakness. The price has broken through multiple short-term moving average supports and is approaching the lower Bollinger Band. From the RSI indicator perspective, although RSI6 shows severe oversold conditions, this often indicates that the short-term bottom may still be sought. RSI14 remains at 33.74, not yet in the extreme oversold zone, leaving room for further decline. While the MACD indicator shows a slight golden cross (MACD histogram turning positive to 3.54), both DIF and DEA are negative and relatively large, indicating that downward momentum still exists. The golden cross may represent a weak rebound within the overall bearish trend. The current price is around 4428, having broken below the MA5 and MA10 moving averages, which will serve as resistance levels during any rebound. The MA20 at approximately 4471 is an important resistance zone. Support and resistance analysis shows that S1 support is at 4332, and S2 support is at 4121. The current price is about 96 points above S1 support, which could serve as a short-term target. Exchange data indicates a buyer-seller active ratio of 0.749, suggesting stronger selling pressure. The large account long-short position ratio of 2.1959 is somewhat bullish, but may face stop-loss pressures. The comprehensive volatility indicator ATR is 30.84, indicating relatively high market volatility. Coupled with a high ADX of 45.87 signaling a strong trend, the expectation is for the decline to continue. Trading suggestion: in the short term, caution is advised. Support can be sought in the 4400-4350 range. If the price falls below 4350, there is a need to watch for further declines toward the 4300-4120 zone. Resistance levels on the rebound are at 4450-4470.