A mostly flat day so far for Ether, ranging between $1,557.65 and $1,568; currently at $1,567.
Ethereum is currently alternating around $1,557.54 with price action moving above and below this key level throughout the session. ETH made an initial breakout above its 3 day Simple Moving Average at $1,567.23, a potential indicator of a newly emerging bullish phase. ETH's upper Bollinger Band® is at $1,722.69 and the lower is $1,540.55.
Overall, looking at the technical analysis landscape, it seems Ether might be pointing upward in the short term.
While ETH is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Litecoin slips 1.96% to trade around $88.16.
Over the past 11 months, Ethereum has retreated 55.49% from a noteworthy peak of $3,515. Ether has a market cap of 191.76 billion with an average daily volume of 7.44 billion.