Ethereum trades at $1,214.74 after gaining $45.74 (3.9%).
Concerning technical analysis and more specifically, trend indicators, Ethereum made an initial breakout above its 21 day Simple Moving Average at $1,208.19, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Ethereum's upper Bollinger Band® is at $1,298.58, this is a slight indication of a slowdown. Support/Resistance levels obtained from chart analysis indicate that after reaching the known resistance zone beginning at $1,193.18, Ether price action retreated approximately $21.56.
Notwithstanding Ethereum's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets are also showing gains as having closed the previous session at $0.095, Dogecoin is up 8.46% today to currently trade at around $0.103. Binance Coin climbs 3.82% to trade around $304.44. Litecoin is up 3.88% to $76.79.
11 months ago Ethereum reached a significant high of $4,655.81 but has consequently lost 74.89% since then. ETH is currently trading with a market cap of 148.65 billion with an average daily volume of 1.75 billion.