ETH cryptocurrency trades up $33, approximately 1.81% higher going into tomorrow

After closing the previous trading day at $1,818.81, Ethereum went up to $1,868.16 only to drop back; still positive overall today, now trading at $1,851.79.

Following today's trading session, chart analysis suggests Ethereum broke through the $1,837.75 resistance and climbed above it $14.04; next resistance level is at $1,848.8. Trend analysis indicates that ETH made an initial breakout above its 21 day Simple Moving Average at $1,842, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at $1,831.41 by around $20.38 with prices hammering out a $1,817 – $1,868.16 session range. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $1,926, thereby suggesting that Ethereum is becoming overvalued.

Overall, the technical outlook suggests Ethereum is likely to remain muted for the immediate future, with 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. Having closed the previous session at $309.27, Binance Coin is up 1.28% today to currently trade at around $313.21.

Meanwhile, UNICORN Token USD closed at $6.43 (down 2.98%).

Ether is now trading 14.21% below the significant high of $2,120 it set around a month ago. ETH has a market cap of 222.71 billion with an average daily volume of 6.70 billion.