After four consecutive days of gains, ETH is down $18.83 today

ETH drops from $1,823.19 to $1,804.36, losing $18.83 (1.03%) today.

Ethereum could begin to recover as it approaches significant support, now 24 cents away from $1,804. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Ether peaked above its 10 day Simple Moving Average around $1,826.56 — typically an early indicator of a new bullish trend beginning to emerge. Bollinger Bands® shows an indication of recovery: the lower band is at $1,754.26, a low enough level to, generally, suggest that ETH is trading below its fair value.

Overall, looking at the technical analysis landscape, it seems ETH —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is now trading at $1.36. Litecoin climbs 2.58% to trade around $92.44.

ETH has fallen back around 14% from the significant high of $2,120 set a month ago. Ethereum has a market cap of 217 billion with an average daily volume of 8 billion.