Binance ETHUSDT 4h Trend Prediction

The Bollinger Bands indicate that ETHUSDT has already fallen near the lower band, showing a technical rebound need in the short term, but the percent_b is extremely low. Such extreme data generally requires digestion of the bearish sentiment and may continue to push to new lows. The RSI6 is in an extreme oversold condition, but RSI12/14/24 remain weak, suggesting that although there is some short-term rebound expectation due to overselling, the overall weak structure is not optimistic. The MACD is at -28.75, with a death cross that continues to enlarge, indicating bearish momentum dominates the 4-hour cycle. The KDJ indicator's J line is significantly below the K and D lines, approaching extreme low levels in the short term, but a rebound momentum has not yet formed, with the overall outlook still bearish. DMI_minus is far above DMI_plus, and although the ADX is not high, it still indicates that a downtrend has begun. If the ADX continues to strengthen downward, the space for decline will be larger. The active buy-sell ratio on the exchange is only 0.87, indicating that there is more active selling in the market in the short term. The funding rate is negative, also showing that short-sellers hold the advantage. Both long and short accounts, as well as large holders' positions, are predominantly long, but when combined with short-term candlestick patterns and indicators, it suggests a risk of passively stop-loss by leveraged long positions, with a higher probability of decline than rebound in the short term. The resistance and support R1 zone is well above the current price, and S1/S2/S3 levels are quite distant. The current price is approaching a local bottom in the short term. If the price breaks below 3700, the next target would be around 3650. If it holds above 3700, a consolidation near 3720 is expected. Overall, ETHUSDT is in a weak correction phase in the short term, testing support in the 3650-3725 area. Failure to rebound quickly increases the risk of further decline. It is recommended to observe primarily; aggressive traders may short with small positions, with a stop-loss at 3800.