Binance ETHUSDT 30m Trend Prediction

The current technical outlook for ETHUSDT displays evident bearish characteristics. The price at 3513.55 is approaching the lower Bollinger Band at 3516.98, indicating that downward momentum remains strong. Multiple technical indicators are in oversold territory: RSI6 is only 10.53, indicating an extreme oversold condition; MACD exhibits deep negative values and continues to diverge downward, demonstrating that bearish momentum has not yet diminished. From the moving average system perspective, the price has broken below all short-term moving averages (MA5-MA50), forming a typical bearish alignment where short-term rebound potential is insufficient. In the DMI indicator, DI- reaches 28.31 while DI+ is only 13.98; the ADX is at 32.05, indicating a strong trend that confirms the sustainability of the current decline. Despite indicators like RSI showing oversold levels, during a strong downtrend, oversold conditions can persist for an extended period. The price is expected to test the support level at S1 near 3353.31. Funding rate is positive at 0.00008290, indicating that longs still need to pay funding fees, further increasing the cost pressure on long positions. Volume data shows that 24-hour trading volume remains active, but with continuous price declines, suggesting heavy selling pressure and making short-term rebounds difficult. Comprehensive analysis suggests that in the next 30 minutes, the price is likely to continue seeking support below, with a target zone between 3450 and 3500, just above the support area near 3353.31 at S1. Trading suggestion: Consider looking for rebound opportunities around 3500 for a long position, but strictly control stop-loss orders below 3450. If the price falls below 3450, observe the effectiveness of the 3353 support level.