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April 27, 2023
After closing at $1,864.8 today, Ethereum began today at $1,864.8 with significant bullish sentiment driving Ethereum's price action higher. So far today, price action has drawn out a distinct $1,864.8 to $1,935.55 range.
Ethereum made an initial breakout above its 10 day Simple Moving Average at $1,920.77, a potential indicator of a newly emerging bullish phase. Despite this, Ethereum could be slowing down soon as it approaches resistance at $1,944.72. Of course, crossing it might suggest further gains are ahead.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts Ether to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Ether is expected to pick up significant bullish sentiment in the coming days.
Ether shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Bitcoin added 2.11% to its value, now trading at $29,026.
Meanwhile, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.
Ether has managed to gain 54.59% so far this year despite trading at lows around $993.77 previously. Ether has a market cap of 229.51 billion with an average daily volume of 9.61 billion.
