• Ether rallied above the 10-DMA, hit 1920.82 earlier in the session

• Most of the gains have been erased, Ether is back below the 10-DMA

• Ether slipped from its high despite lower US yields , equity gains

• Rallies in gold and silver were also unable to prevent Ether's pull back

• A daily inverted hammer candle formed which could be a worry for bulls

• Hold below the 50% Fib of 2464.54-1506.93 adds to their concerns

• Ongoing consolidation of drop from April's high reinforces bear signals

• Ether bulls need break & hold above 1985.00-2020.00 to gain some control
eth


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