Binance ETHUSDT 4h Trend Prediction

From the candlestick chart, it can be seen that ETHUSDT experienced a significant decline from a high of over 4700 down to the current level of 3159, a drop of over 30%. The current price has broken through all major moving averages, forming a clear bearish alignment. In terms of technical indicators, RSI12 is at an extremely oversold level of 23.25, suggesting a potential technical rebound, but the overall trend remains bearish. The MACD indicator continues to operate below the zero line, with both DIF and DEA values negative, indicating that the bearish momentum remains strong. Bollinger Bands analysis shows that the current price is in the lower half of the bands, with a Percent B value of 0.216889 indicating a tendency towards the lower band. Although close to the lower support at 3037.37, the bandwidth of 0.170075 suggests moderate volatility, not ruling out further downward movement. Market sentiment analysis indicates that, despite large accounts having a long-to-short position ratio of 2.76 and the number of long to short accounts at 3.61, this reflects bottom-fishing capital rather than a trend reversal signal. The active buy-sell ratio is 1.11, slightly bullish but insufficient to reverse the current weakness. Support and resistance analysis shows that an important support level is around S1 3055, which aligns with the lower Bollinger Band at 3037, forming a support zone. If this region is broken, the price may test the 3000 psychological level. Volatility indicator ATR is at 99.89, indicating high market volatility suitable for short-term trading. However, considering the DMI indicator shows dominant bearish strength, caution should be exercised regarding any rebounds. Overall judgment: ETHUSDT is currently in a technical rebound within a downtrend, but the overall trend remains bearish. It is expected that the price will continue to decline over the next four hours, targeting the 3050-3100 range. Trading recommendation: Consider short positions at the current level or on rebounds near 3200, with a stop loss set at 3250 and take profit targets between 3050-3100. Strict position control and proper risk management are advised.