After three days of going down, ETH is stable today, trading around $1,868

Without a clear-cut direction, ETH is trading around $1,868 and ranging between $1,857 and $1,878.79.

Ethereum made an initial breakout above its 5 day Simple Moving Average at $1,868.54, a potential indicator of a newly emerging bullish phase. Ethereum is approaching key support, around $26.2 away from $1,841.81. 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. On the other hand, note that Ethereum's upper Bollinger Band® is at $1,910.42, suggesting that a downward move may follow.

Although price action remains in a stalemate, technical analysis suggests ETH could be primed for a break to the upside.

While ETH 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. Ripple is trading around $0.509 (down $0.004). UNICORN Token USD gained 1.62% and is currently trading at $6.47.

This year has been a bright one for Ether after trading as low as $993.77 and going on to appreciate by 54.39% year to date. Ethereum has a market cap of 225 billion with an average daily volume of 9.18 billion.