Binance ETHUSDT 4h Trend Prediction

ETHUSDT is currently in the lower band of the Bollinger Bands, with a negative amplitude, and all moving averages are above the current price, indicating significant technical resistance. In the short term, RSI6 is deeply oversold, suggesting a minor rebound should occur; however, overall downward momentum remains strong. After a rebound, a further decline is expected, with a target zone around 4380-4450 (near the lower Bollinger Band and historical key support levels). Although the long positions from major institutions are more numerous in terms of holdings, they have not resulted in price support. The active buy/sell ratio is less than 1, indicating weak capital initiative and short-term market pressure. Daily volatility indicators ATR and DMI both support a bearish consolidation and downward trend. Additionally, price-volume correlation is average, with limited follow-through from the main traders. If the price continues to break below the 4380 support level, it may test towards the S1 level at 4060; if the short-term rebound is unable to break through the MA5-10-20 resistance, the downward trend will remain valid. It is recommended to primarily short on rebounds in the short term, with a stop loss set near 4530 (at the middle Bollinger Band and the convergence point of MA20 and MA10), targeting the 4380-4450 range. If strong support is broken, further attention should be paid to the 4060 level. Maintain position control and pay attention to take-profit and stop-loss strategies.