Binance ETHUSDT 6h Trend Prediction

ETHUSDT recent candlestick charts show a significant decline, with the current price at 3604 below the lower Bollinger Bands, indicating a short-term extreme oversold condition. The Bollinger Band width has expanded, reflecting a large amplitude with a clear downward trend, combined with a negative percent_b, suggesting that the market has not yet entered a stable oscillation phase. The short- and medium-term moving average system (MA5 to MA50) is diverging downward, with the 200-period moving average (MA200) far below as a weak support level. There is strong short-term selling pressure. The MACD indicator continues to expand negative values, with DIF and DEA showing a clear death cross, indicating that bearish forces dominate the market. No significant bullish divergence has appeared, implying the downward trend is likely to continue. The RSI is in an extreme oversold state; although a short-term technical rebound is possible, the overall trend has not yet stabilized, and it is not advisable to bottom fish unless the RSI14 returns to a normal range. All three lines of the KDJ indicator are bearish, with the J value below zero, and combined with the DMI showing a dominant bearish advantage (dmi- significantly higher than dmi+), indicating the downtrend has not ended and its strength remains. Regarding exchange data, the active buy-sell ratio is below 1, indicating insufficient bullish momentum. Although trading volume is active, prices are falling sharply, typical of declining volume with price drop. Despite some bullish signals from major institutional traders, the divergence in capital distribution and account counts suggests market hesitation and possible institutional short-term suppression. The first resistance level above is at 3857.82, which is far away. The historical support zone is between 3400 and 3500. If there is no strong rebound in the short term, prices are expected to find support within this range. Traders are advised to strictly control their positions and avoid rushing to bottom fish. If seeking a rebound, wait until prices reach the target zone, and then consider short-term long positions during consolidation periods characterized by declining volume and indicator dullness. Stop-loss should be strictly set below the lower boundary of the range (below 3400 USD). The mid-term strategy remains cautious, favoring observation until rebound signals appear before increasing positions.