• Ether fell below the 38.2% Fib of 1510.95-2805.45 earlier in the session

• Traded down to a 5-session low of 2292.26, buyers then emerged however

• Ether turned positive, neared 2365.00 after Europe's close, was up +0.28%

• Drops in US yields and USD selling helped lift Ether off the low

• Bitcoin's sharp rally off its low, positive turn contributed to Ether's buoyancy

• Ether's price action has daily techs flashing warnings to Ether bears

• Daily RSI diverged on the low & is rising, daily bull hammer candle formed

• Ether still traded within its recent consolidations range however

• Break & sustained hold above 10-DMA, 2400/2415 could lead to a short squeeze
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)