• Ether rallied toward the 10-DMA earlier then erased all of its gains

• It turned lower on the session and was trading down -0.17% in Ny's morning

• Ether fell despites broad-based risk-on influences that are normally bullish for Ether

• The USD & US yields are sinking; USD/CNH fell to 6.7459

• USD alternatives gold and silver rallied while S&P 500 hit a fresh all-time high

• Ether remained below the 10-DMA and is consolidating its drop from the July 27 high

• Falling daily, monthly RSIs indicate downward momentum to reinforce bearish signals

• The 1800.00 to 1830.00 zone is key support, series of recent daily highs & lows sit there

• Break of that zone could trigger stop selling, bring 1690.00-1710.00 into focus
eth


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