#ETH#

Let's analyze the chart and indicators to make a price prediction for ETH/USDT:
Current Observations:
* Price Action: The price is currently at $1,636.61, showing a +1.72% increase. However, the overall trend from the left side of the chart indicates a significant downtrend.
* Key Levels:
* Resistance: $2,049.39 (previous support level turned resistance)
* Support: $1,385.00 (previous low)
* Indicators:
* KDJ (9,3,3): K=47.85, D=39.19, J=65.18. The J line crossing above the K and D lines suggests potential bullish momentum in the short term.
* RSI (6, 12, 24): All RSI values are below 50, indicating bearish momentum overall. However, the RSI(6) is showing a slight uptick, suggesting a potential short-term bounce.
* WR (10, 6): Both Williams %R values are below -50, indicating oversold conditions. This could lead to a potential bounce.
* OBV (30) & MAOBV (528580.86): Both are negative, indicating selling pressure.
Prediction:
Short-Term (Next few candles):
* Potential Bounce: The KDJ and RSI indicators suggest a potential short-term bounce. The oversold WR also supports this.
* Target: The price might test the $1,700 - $1,750 range.
* Resistance: The $2,049.39 level is a significant resistance.
Mid-Term (Next few days):
* Overall Bearish Trend: The overall trend is still bearish, as indicated by the negative OBV and the downtrend on the chart.
* Retest of Support: The price might retest the $1,385 support level if the bounce fails.
* Breakout/Breakdown: * Bullish Scenario: A break above $2,049.39 could signal a potential trend reversal.
* Bearish Scenario: A break below $1,385 could lead to further downside.
Important Considerations:
* Volatility: Cryptocurrency markets are highly volatile. This prediction is based on the current chart and indicators but can change rapidly.
* External Factors: News, market sentiment, and macroeconomic factors can significantly impact the price.
* Risk Management: Always use stop-loss orders and manage your risk accordingly.
Disclaimer: This is not financial advice. Do your own research and consult with a financial advisor before making any investment decisions.
In summary, the short-term prediction is a potential bounce towards $1,700 - $1,750, but the overall trend remains bearish with a possibility of retesting the $1,385 support. Monitor the price action and indicators closely for confirmation.