• Ether rallied to 1687.29 earlier in the session, sellers then emerged, Ether then turned lower

• It then struck a 3-1/2-week low of 1567.46 in NY, traded down -5.48% as of this writing

• Broad-based USD buying weighed; USD/CNH's rally to 6.8195 reinforced the USD bid

• Sharp drops in gold, silver & equities turning lower helped send riskier assets like Ether down

• Ether bears are closer to taking greater control as the June 6 daily low is approaching

• Techs are bearish; daily inverted hammer formed & daily, monthly RSIs indicate downward momentum

• Break of the June 6 low brings the 2025 yearly low struck in April at 1387.02 into focus
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(Christopher Romano is a Reuters market analyst. The views expressed are his own)