ETHUSDT Perpetual – Short-Term Downtrend on 15-Minute Chart
This image shows the ETHUSDT Perpetual (ETHUSDT Perp) trading chart on Binance, viewed on the 15-minute timeframe. The current price of Ethereum is around $3,164.77, showing a −0.98% decline. The chart indicates a bearish market structure, with consecutive red candles, lower highs, and lower lows. Price dropped sharply from the $3,226 resistance area and found temporary support near $3,150, followed by a small rebound. Overall momentum appears weak, suggesting short-term selling pressure and market uncertainty.
If you want, I can also explain this chart in very simple words or tell you support & resistance levels 👍