Binance ETHUSDT 30m Trend Prediction

ETHUSDT experienced a sharp decline within the past 30-minute period; the candlestick chart shows dominance of a large bearish candle, with increased trading volume but no signs of stabilization; the current price is trading between the middle and lower bands of the Bollinger Bands, indicating a clear overall bearish trend. All major RSI periods are significantly below 30, approaching the extreme oversold territory, but there are no signs of reversal or rebound at this moment. Additionally, the MACD histogram has expanded considerably in the bearish direction, suggesting a higher probability of continued short-term decline. The lower Bollinger Band at 2990 acts as the first support level, with S1/S2 at 3066/2996. If the 2990 level is broken, it may test the previous low around 2978. Therefore, the outlook for the next 30 minutes is primarily for oscillation within the 2990-3066 range with a downward bias. A breakout warrants further downside exploration. Although the major holder positions indicate a predominantly bullish stance, the spot trading volume ratio is too low, and technical analysis shows a comprehensive bearish signal. There is no strong institutional buying support observed, so the short-term strategy remains to follow the trend and consider short positions. Trading suggestion is to stay on the sidelines or hold light short positions, cautiously attempt short-term rebounds after signs of stabilization, and avoid premature bottom-fishing. Stop-loss should be set around 3075 (near the current price), with take-profit targets at the 2990/2978 zones. Upon a breakout, continue to follow the bearish trend. Summary: ETHUSDT's short-term momentum remains strongly bearish; the weakness is expected to persist over the next 30 minutes, with a focus on support at 2990. In the absence of clear reversal signals, it is not recommended to establish long positions against the trend.