Binance ETHUSDT 30m Trend Prediction

The candlestick chart exhibits consecutive bearish candles with a slight increase in trading volume, indicating heightened selling pressure coupled with volume support, confirming the dominance of the bears in the market. The price has significantly fallen below all moving average systems, with no apparent short-term support. Combined with the lower band of the Bollinger Bands and expanding MACD momentum, the probability of a downward trend is extremely high. Although the long-short data shows a bullish advantage, the high proportion of market funds and accounts holding long positions increases the risk of profit-taking, which may accelerate a short-term correction. Based on data, support and resistance levels indicate S1 (2960.01) as the first support. A breakdown here might easily test the lower Bollinger Band around 2949, potentially approaching S2 (2738.97), but in the short cycle, expect oscillations within the 2920-2960 range. Short-term rebound momentum is weak, with most technical indicators concurrently showing weakening signals. Bearish momentum dominates, so it is advisable to focus on short positions or wait for support confirmation before considering low-cost long entries; caution is advised against light long positions. Set stop-loss above 2965 (above the middle Bollinger Band and first support). If support at 2960 fails, consider shorting with targets down to 2920 or even testing S2 by breaking the lower band. The overall market is in a downward cycle, with bears leading within the 30-minute timeframe. Caution is warranted for further declines, and short-term traders should strictly control positions, waiting for bearish momentum to exhaust before considering phased medium-term strategies.