Small gain for Ethereum at $1,439.56 after ranging between $1,429.36 and $1,481.18 today.
Although Ethereum is appreciating today after rising as high as $1,481.18, price action is now slowing and consolidating around $5.55 below the $1,445 resistance level. Despite posting gains so far today, Ethereum slid below its 200 day Simple Moving Average at $1,422.22 in earlier trade — an early indicator that a negative trend could be emerging. Despite this, Ether's lower Bollinger Band® is at $1,408.6, indicating that the market is oversold and fertile for new buyers.
Technical analysis suggests there could be an imminent reversal for Ether.
Ether shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
Meanwhile, after ending today's session at $1.04, EOS lost $0.069 and is trading around $0.976. Litecoin closed at $67.57 (down 5.66%).
Over the past 11 months, Ether has retreated 59.32% from a noteworthy peak of $3,515. Ethereum has a market cap of 176.17 billion with an average daily volume of 6.99 billion.