Binance ETHUSDT 4h Trend Prediction

Analysis based on combined Bollinger Bands and MACD indicates that ETHUSDT is currently within a relatively typical weak oscillatory downward zone. The price is near the lower Bollinger Band but has not effectively rebounded; short-term moving averages are showing a death cross, and MACD is declining consecutively, suggesting that the bears hold the dominant position with insufficient bullish momentum in the short term. Although certain indicators such as RSI6 are severely oversold, indicating a potential technical rebound, MACD and short-term moving averages lack signs of significant stabilization, resulting in weak rebound signals. Additionally, DMI shows that bearish momentum has a significant advantage, and the ADX value remains low, making it likely that the market will continue its slow oscillation and downward trend. Observation of large trader long/short ratio data shows that while bulls appear to be in the lead, this may be due to passive trapping of long positions. It is most likely associated with major institutions conducting washouts or inducing bull traps. Consequently, short-term indiscriminate chasing of longs is not advised. Although active buy orders have an advantage, volume has not increased significantly, raising doubts about the sustainability of any rebound. Support levels are at 4202, with resistance at 4349. If the S1 support is broken, the price may test the 4060 area, targeting the range of 4200-4270. Only if a strong rebound occurs and the price surpasses the MA10 at 4290.98 should a bullish correction be considered; otherwise, the bearish pressure continues to dominate the market. It is recommended to adopt a cautious stance through observation or to enter short positions at rallies or after weak rebounds, with stop-loss set above 4345, primarily targeting the 4200 level. If the price rebounds sharply and breaks above 4300, timely profit-taking and reassessment of bullish strength are necessary. Overall, the current market structure is evidently weak, requiring vigilance against downside risks. Attempts to bottom fish or operate against the trend should be avoided; strict risk management is essential.