ETH cryptocurrency trades up $30.41, approximately 1.68% higher this afternoon

Small gain for ETH at $1,836.41 after ranging between $1,799.69 and $1,837 today.

Technical analysis shows that Ethereum is $9.76 away from testing key resistance at $1,826.65. Peaking above this level could inspire market bulls and open the path to further gains. Technical analysis trend indicators suggest that ETH made an initial breakout above its 10 day Simple Moving Average at $1,815, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Ether's upper Bollinger Band® is at $1,854.78, this is a slight indication of a slowdown.

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

Other markets are also showing gains as FTX Token is up 9.54%. Ripple is up 2.4%. MaticNetwork USD is up 3.84%.

Over the past a month, ETH has retreated 14.81% from a noteworthy peak of $2,120. Ethereum is currently trading with a market cap of 220.84 billion with an average daily volume of 6.62 billion.