ETH Daily Playbook
Ether is trading at 1,787.35, hugging just above its rising 50-SMA at 1,767.30 but sitting 19.75% below the 200-SMA at 2,227.25 — a classic mid-cycle recovery inside a broader downtrend. Momentum is tilting constructive: RSI at 56.51 is in the upper-neutral zone with room before overbought, and MACD has crossed above signal (9.04 vs -12.73), confirming a short-term impulse off the lows. The setup is a reclaim-and-hold above the 50-SMA; a decisive push and close through the 1,820–1,850 shelf would open a path toward the 200-SMA magnet near 2,227, while the immediate demand zone sits at 1,767 (50-SMA) with deeper support around 1,700 psychological. The bullish thesis weakens on a daily close back below 1,767 and is effectively invalidated on a break under 1,700, which would flip MACD momentum and re-expose the prior range lows. Watch for follow-through volume on any breakout attempt — without it, this remains a mean-reversion bounce inside a longer bearish structure defined by the 200-day.