Binance ETHUSDT 30m Trend Prediction

The candlestick chart exhibits a 'clean waterfall' structure: sharp drops with persistent failed recovery attempts. This aligns with the continued rejection at moving averages, supporting the likelihood of ongoing downside expansion. Bollinger Bands bandwidth is expanding, indicating increasing volatility. With price repeatedly closing at or below the middle band and failing to reclaim resistance near 3321, the path of least resistance remains lower. MACD histogram's temporary uptick does not constitute structural reversal; both the DIF and DEA lines remain negative. This is symptomatic of bear market rallies where momentum is insufficient to shift the trend. RSI analysis shows all shorter-term RSIs stalling around 50, with longer-term RSI deep in oversold zone. This usually precedes another leg down before a sustainable rebound, especially when coupled with high volume during breakdowns, as seen in the recent chart. Whale account ratios signal potential for a short squeeze, but a high concentration of longs into a strongly trending bear market increases risk rather than offering support. Price action and volume betray a lack of true demand. Support cluster at S1 (3122.67) is the next logical target, with current trading volume consolidation suggesting no imminent bottoming. Resistance at MA20/MA50 has repeatedly turned prices away. Recommended trade: Maintain short bias. Ideal entry on failed attempts to reclaim 3320-3330 (Bollinger middle band and MA20/MAs). Immediate stop at 3368 (MA50/upper band cross). Take profit lower end: 3200-3250. Watch volume and volatility for acceleration on downside. Risk management: Use ATR (31) for dynamic stop, consider adding shorts only if price decisively breaks below 3290. Tighten risk as price approaches key support. Do not attempt early bottom-fishing.