Binance ETHUSDT 4h Trend Prediction

ETHUSDT is currently in a clear downtrend, with the price at 3985.31 having broken through multiple key moving average supports. From the candlestick chart, it can be seen that there has been a significant recent decline, currently oscillating in the 3900-4000 range. Comprehensive technical indicators indicate a bearish outlook: RSI6 is extremely oversold at 12.79, suggesting a potential technical rebound, but RSI14 remains weak at 40.64. The MACD indicator shows a clear bearish signal, with the DIF line substantially below the DEA line. Bollinger Bands analysis reveals that the price has approached the lower band at 3907. The current Percent B is 0.2257, indicating the price is leaning towards the lower band. The bandwidth at 0.085 is in a contraction phase, implying reduced volatility but a clear directional trend. Volume data shows an active buy-sell ratio of 0.8211, indicating selling pressure dominates. The large trader long-short position ratio is 3.1387, skewed towards longs, but potential lag effects exist, requiring observation of future changes. Support and resistance analysis: key support levels are S1 at 3822 and S2 at 3671. If the current price breaks below the psychological level of 3900, it is likely to test the 3822 support. Resistance levels are at 4080 (Bollinger middle band) and 4107 (MA10). Funding rate is negative at -0.00004674, indicating lower costs for short positions, which favors shorts to hold. The 24-hour amplitude of -3.257% confirms the current downward trend. Overall assessment suggests that within the next 4 hours, ETHUSDT is highly likely to continue declining, targeting a range of 3850-3950. If the price drops below 3850, it may further test the 3822 support level. Trading recommendation: consider establishing short positions on rebounds to the 3980-4000 range, with a stop loss set above 4050 and take profit targets between 3850-3900. Strict risk control is essential to avoid blindly averaging down in oversold areas.