Bearish Ether currently $18.36 lower after trading as high as $1,887.71

ETH recovering almost all the way back to $1,875.78 today, after dipping down to $1,846.47.

ETH chart analysis: Ethereum could begin to recover as it approaches significant support, now $11.07 away from $1,846.35. Dipping below could be an indication that further losses are ahead. Concerning technical analysis and more specifically, trend indicators, despite being in the red so far in the current trading session, ETH peaked above its 50 day Simple Moving Average around $1,886 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that Ethereum's upper Bollinger Band® is at $1,905.25 which indicates a further downward move may follow.

With market volatility ebbing, the current technical outlook indicates Ethereum will remain range-bound for the immediate future.

In the meantime, negative performances are also seen in other markets, Cardano stumbles 2.48% to trade around $0.365. Bitcoin is trading around $26,842 (down $394.41).

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36.

Ether has fallen back around 11.52% over the past a month, from a notable high of $2,120. Ethereum is currently trading with a market cap of 223.35 billion with an average daily volume of 5.68 billion.