ETH cryptocurrency trades up $15.67, approximately 0.86% higher going into tomorrow

ETH trades at $1,820.67 after gaining $15.67 (0.86%).

Following today's trading session, chart analysis suggests Ethereum could be slowing down soon as it approaches resistance at $1,837.75. Of course, crossing it might suggest further gains are ahead. Trend and momentum analysis indicates that Ether made an initial breakout above its 10 day Simple Moving Average at $1,811.7, a potential indicator of a newly emerging bullish phase. Fibonacci-minded traders witnessed a key Fib resistance level of $1,831.41 holding firm – an indicator of highly concentrated supply around this level. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $1,924.41, thereby suggesting that Ethereum is becoming overvalued.

All in all, the technical analysis suggests ETH has no clear-cut direction.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. TRON is up 4.56%.

Meanwhile, UNICORN Token USD is trading around $6.43 (down $0.197).

Ether has fallen back around 14.86% from the significant high of $2,120 set a month ago. ETH has a market cap of 218.97 billion with an average daily volume of 6.70 billion.