ETH Daily Playbook
Ether is trading at 1,747.89, parked well below both the 50-SMA (2,036.06) and 200-SMA (2,389.37), with price sitting 26.85% under the long-term average — a structurally bearish backdrop where rallies have been sold. That said, RSI at 41.48 is mid-range (not oversold) and MACD at -87.35 has crossed above its signal at -112.47, suggesting downside momentum is decelerating and a counter-trend bounce attempt is brewing. The constructive setup is a basing/recovery scenario: bulls need to reclaim and hold above the 50-SMA near 2,036 to argue the trend is shifting, with the 200-SMA at 2,389 as the heavier ceiling that defines the broader regime. Initial support sits at the recent low zone around 1,748, and losing that opens air toward prior swing lows; a daily close that fails to defend this area would invalidate any near-term recovery thesis and re-assert the dominant downtrend. Trigger to watch: MACD pushing back toward the zero line in tandem with RSI breaking above 50 — without both, bounces remain tactical, not trend-changing.