ETH cryptocurrency trades up $29.35, approximately 1.58% higher going into tomorrow

Tentatively higher from an earlier low of $1,857.43, ETH is up to $1,888.35 today, adding $29.35, or 1.58%, to today's closing price of $1,859.

Technical analysis trend indicators suggest that Ethereum made an initial breakout above its 5 day Simple Moving Average at $1,877, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that ETH's upper Bollinger Band® is at $1,964.53, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates ETH reversed direction at $1,912.82 resistance zone and retreated back $24.47 below it.

Notwithstanding Ethereum's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Other markets are also showing gains as FTX Token jumps 9.54% to trade around $1.36. Bitcoin Cash is up 3.13% to $229.88. MaticNetwork USD is up 2.86%.

ETH has gained 58.88% since its lowest print of $1,036.56 earlier this year. Ethereum has a market cap of 226.95 billion with an average daily volume of 6.44 billion.