• Ether fell Wednesday, traded 2719.35-2580.62, was down -3.04% in early NY trading

• Drop followed Ether nearing the 50% Fibo of the Dec. to April drop on Tuesday

• That Fibo sits 2747.56, Ether hit 2737.39 on Tuesday before pulling back a bit

• Ether fell Wednesday despite equity gains & broad based US$ selling

• Sharp drop in gold may have helped weigh down Ether a bit Wednesday

• Ether's technical signals continue to highlight upside risks however

• Recent consolidation phase resolved with a fresh 3-month high being struck

• Rising monthly RSI, Ether's hold above rising 10- & 50-DMas adds to the bull signals

• Break of the Fibo & 2840/50 resistance could trigger stop loss buying

• The psychological 3000 level and resistance near 3200 & 3330/40 then come into focus
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)