A slow down? After three days of going up, Ether is flat today, hovering around $1,822.59.

A mostly flat day so far for Ether, ranging between $1,819.52 and $1,836; currently at $1,822.59.

Ethereum made an initial break below its 21 day Simple Moving Average at $1,822.28, a possible indication of a forthcoming negative trend. Ether's upper Bollinger Band® is at $1,853, suggesting that a downward move may follow. In contrast, Ethereum is approaching key support, around $10.85 away from $1,811.74. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Despite the market lacking direction, technical chart analysis strongly suggests Ether is positioned for a downward move in the near term.

While Ethereum is pretty flat so far today, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. TRON rises 1.04% to trade around $0.076. Polkadot moves up 1.62% to trade around $5.33.

Approximately a month ago, ETH reached a significant high of $2,120 but has struggled to hold onto its gains and declined 13.79% since then. Ether is currently trading with a market cap of 219.18 billion with an average daily volume of 6.43 billion.