After three days of going down, Ether is flat today, hovering around $1,749.67

A mostly flat day so far for ETH, ranging between $1,746 and $1,759.45; currently at $1,749.67.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Ether's upper Bollinger Band® is at $1,947.43 and the lower is $1,737.56. Technical chart analysis shows Ethereum is approaching key support, around $53.69 away from $1,696. 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.

Overall, the technical outlook suggests Ether is likely to remain muted for the immediate future, with no clear-cut direction.

While ETH is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Cardano closed at $0.26 (down 5.44%). Algorand USD is down $0.004 from the beginning of the session and now trades around $0.108.

ETH has fallen back around 17.35% from the significant high of $2,120 set a month ago. ETH is currently trading with a market cap of 210.36 billion with an average daily volume of 5.95 billion.