ETHUSDT 15m Market Trend Analysis Report
Current Price: 2976.05 USDT
24-hour Change: -0.453%
Main Support Level: 2966.00 USDT (24-hour Low)
Main Resistance Level: 3077.99 USDT (24-hour High)
Current Trend: Consolidating Downward
Detailed Explanation:
Technical Indicator Summary:
Moving Average System: Clearly bearish arrangement. MA5(2981.91) has crossed below MA10(3001.38) and MA20(3020.56), and the price is operating below all major moving averages, indicating a confirmed short-term downward trend.
MACD: Running in a death cross, DIF(-16.74) is below DEA(-10.84), and the histogram is negative (-5.90), indicating that the downward momentum is continuing.
BOLL: The price is operating near the lower band (2969.74), %B value is only 0.07%, indicating that the price has touched the lower Bollinger band, with a possibility of a technical rebound, but overall it remains in a weak zone.
RSI: Seriously oversold, RSI6=8.26, RSI12=20.15, RSI14=23.01, multiple RSI indicators are in the oversold area, suggesting a potential demand for a technical rebound.
KDJ: Running in a death cross, K value (10.06) and D value (14.08) are both in the oversold area, with J value (2.00) showing an extremely oversold state.
Indicator Data:
Funding Rate: 0.00367600%, although it is positive, the magnitude is very small, indicating that bullish sentiment is not strong, and market watchfulness is relatively high.
Volume Change: From the candlestick data, it can be seen that during the price decline, the trading volume significantly increased (e.g., at 1766368800000 the trading volume reached 183781), indicating signs of capital outflows. Conversely, during the rebound, the trading volume shrank relatively, indicating insufficient buying power.
Capital Flow Data: Contract funds show a net outflow in multiple time periods (1H:-258M, 4H:-541M), and spot funds also show a net outflow (24H:-67M), indicating that large capital is withdrawing from the market, with significant short-term downward pressure.
Analysis Results
Direction: Cautiously Short
Entry Timing: It is recommended to short at highs when the price rebounds to the 3000-3010 resistance area, or to follow the trend short after effectively breaking below the 2966 support level.
Stop Loss Setting: It is recommended to set around 3030 (approximately 3% stop-loss range)
Target Price: First target 2936, second target 2900 (expected return rate 5-8%)
Note: This analysis is for reference only and does not constitute any investment advice! The current market is in an oversold state, although the trend is bearish, caution should be taken regarding the risk of a technical rebound, and strict position and stop-loss control is advised.
