• Ether rallied above the falling 10-DMA over weekend trading as well as today

• The rallies were rejected and Ether fell back below the 10-DMA

• Today Ether erased all early gains and turned lower, a daily inverted hammer formed

• Ether now sits slightly below the base of the bear pennant on daily charts

• A monthly inverted hammer and consolidation of drop form Jan. high add to bear signs

• Falling daily, monthly RSIs are not oversold which indicates downward momentum

• A sustained hold below the pennant base could lead to intensified selling of Ether

• Tests of the February monthly low & 2025 yearly low may then follow
eth


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