Ether is down to $1,679.46, after ending today at $1,703.6. Overall, a 1.42% loss or $24.14 today.
Trend-focused traders would be interested to note that investors are seeking long positions as Ethereum price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, ETH's upper Bollinger Band® is at $1,728.4 which indicates a further downward move may follow.
Overall, while Ether has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
In the meantime, negative performances are also seen in other markets, Cosmos USD closed at $12.58 (down 3.79%). After ending today's session at $84.33, Litecoin lost $2.2 and is trading around $82.13.
Other assets are showing positive performances as FTX Token is up 9.54%.
ETH has gained 37.91% since its lowest print of $993.77 earlier this year. Ethereum has a market cap of 205.52 billion with an average daily volume of 8 billion.