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ETH at $1,536: Cycle Low or Capitulation Trap? | Jun 9
Audio is available on Spreaker — see link below.
Ethereum hit $1,536 intraday — a 69% drawdown — as monthly RSI reaches an 11-year extreme and $48M in token unlocks loom within 48 hours. Today's briefing breaks down the price structure, the Humanity Protocol $32M exploit, and what ETF outflows reveal about institutional conviction.
Audio is available on Spreaker — see link below.
Ethereum touched one thousand five hundred and thirty-six dollars intraday on June ninth. That's a sixty-nine percent drawdown from the August peak of four thousand nine hundred and forty-six dollars.
Here's the structural signal worth holding onto. ETH's monthly RSI has dropped to roughly forty.
Compounding the price setup, three token unlock events worth roughly forty-eight million dollars are scheduled within forty-eight hours of June ninth. HOME releases seven hundred and fifty million tokens valued near twenty-three point five million.
Away from price structure, the most damaging story in the ecosystem right now involves Humanity Protocol. On June ninth, the H token crashed eighty-nine percent after a private key breach drained thirty-two million dollars.
On the institutional side, there was a brief sign of life. ETH spot ETFs recorded nineteen million dollars in inflows on June fourth, ending a seventeen-day outflow streak.
Two things matter most from here. First, whether ETH can establish consistent support above fifteen fifty to sixteen hundred.
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