• Ether rallied to 2299.44 earlier in the session, neared the 10-DMA, sellers emerged

• Ether turned lower and broke below Thursday's daily low, hit 2266.98

• The pair was down -0.55% in NY's morning despite upbeat risk sentiment

• Drops in USD, US yields , USD/CNH & oil couldn't inspire Ether bulls

• Buying of USD alternatives like gold, silver & rally in stocks also didn't inspire bulls

• Technical signals are growing more bearish for Ether

• It holds below the 10-DMA, daily RSI is falling & monthly RSI is about to turn downward

• A monthly gravestone doji is in place for May which reinforces the bearish signals

• Consolidation of drop from January's high persists, adds to bearish sentiment

• Feb. monthly low is key; if breaks 2025 low, psychological 1200.00 are in focus
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)