• Ether traded 2295.49-2337.20 overnight, near 2320.00 early NY, up +0.81%

• It traded up slightly despite USD buying & US yield

gains

• Equity gains & gold, silver rallies off their lows helped buoy Ether

• Despite Ether's gains the technical picture does not bode well for bulls

• Ether is currently consolidating its drop from the October 21 daily high

• It trades below the 10- & 50-DMAs, monthly RSI indicates downward momentum

• The 38.2% Fib of the 1510.95-2805.45 rally is acting magnetically for now

• 200-DMA, 50% Fib of 1510.95-2805.45 eyed if consolidation resolves downward
eth

(Christopher Romano is a Reuters market analyst. The views expressed are his own)