Without a clear-cut direction, Ether is trading around $1,867.43 and ranging between $1,835 and $1,888.19.
Chart analysis suggests Ethereum bounced after reaching the $1,828 support zone, climbing $39.56 above it. Trend and momentum analysis indicates that ETH made an initial break below its 3 day Simple Moving Average at $1,858.5, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that Ether's upper Bollinger Band® is at $2,140.51 and the lower is $1,742.73.
Overall, the technical outlook suggests Ethereum is likely to remain muted for the immediate future, with no clear-cut direction.
While Ethereum is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD draws back 2.98% to trade around $6.43. Litecoin is up 2.07%.
Ethereum has managed to gain 52.67% so far this year despite trading at lows around $993.77 previously. Ether has a market cap of 224.86 billion with an average daily volume of 9.56 billion.