Binance ETHUSDT 4h Trend Prediction

ETHUSDT is experiencing a relatively strong decline, with all major technical indicators indicating extreme bearish signals. The lower band of the Bollinger Bands is being continuously tested, with no clear support near historical lows, and the MACD and RSI are at their lowest levels in nearly twelve weeks, indicating heavy selling pressure. The candlestick trend shows multiple sharp drops recently, with increased trading volume suggesting heightened selling pressure. Although some on-chain indicators show bullish positions, it is likely that these are passive holdings accumulated during dips, and market sentiment remains extremely bearish. Long-term moving averages are arranged in a bearish alignment, with MA200, MA50, and MA20 all acting as resistance levels, and the price remains below MA5, with no technical support or reversal signals emerging. The KDJ indicator shows severe oversold conditions across all three lines; while a short-term weak rebound is possible, upward momentum is insufficient, making any rally highly unsustainable, with a dominance of downward trend. High volatility coupled with a low ADX (19.41) suggests that the current decline has not yet ended, but excessive volume and oversold conditions may induce a temporary rebound that could evolve into a further trap for bulls. Based on comprehensive support and resistance analysis, 3055 is identified as the recent support zone. A break below this level would accelerate the downward exploration, potentially leading to further declines towards S1 or even new lows. The next four hours are expected to see continuation of the decline or sideways volatilization, with target zones between 3055 and 3170. Short-term bearish positions are recommended; any upward corrections should be considered as weak retracements, with close attention needed for risk management and stop-loss control.