Woofun AI data shows that ETH recovery halted at $1,787, a zone where the 50-day SMA, prior June supply shelf, and 0.236 Fibonacci retracement converge. The daily candle tests this level while the broader structure stays bearish until reclaimed.

The 100-day and 200-day SMAs sit $274 and $495 above spot, indicating distribution. RSI at 52.91 offers no directional edge. Risks include potential rejection failure, weakness of the 0.236 level, and macro overrides.