ETH cryptocurrency trades up $14.38, approximately 0.75% higher this afternoon

Tentatively higher from an earlier low of $1,885.32, ETH is up to $1,907.38 today, adding $14.38, or 0.75%, to today's closing price of $1,893.

Ethereum has just crossed its upper Bollinger Band® at $1,905.57, suggesting further gains could be on the cards. On the other hand, note that Ethereum could be slowing down soon as it approaches resistance at $1,918. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw Ethereum dropping below its 3 day Simple Moving Average at $1,898 — an early indicator that a new downward trend could be emerging.

Overall, looking at the technical analysis landscape, it seems Ether likely to continue pointing upward in the short term.

Ethereum shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Ripple is up 1.29%.

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

Ether is now trading 10.7% below the significant high of $2,120 it set around a month ago. Ether is currently trading with a market cap of 229.37 billion with an average daily volume of 5.98 billion.