ETH is growing its four-day winning streak and is trading at $1,879, gaining $9.

After closing the previous trading day at $1,870, ETH is up to $1,879, which makes for a move of 0.48%/$9 today.

Trend-focused traders would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $1,881.22, thereby suggesting that Ether is becoming overvalued. As the day gets underway, chart analysis suggests Ethereum could be slowing down soon as it approaches resistance at $1,896.44. Of course, crossing it might suggest further gains are ahead.

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

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. UNICORN Token USD gained 1.62% and is now trading at $6.47.

Meanwhile, Dogecoin descends 0.77% to trade around $0.094.

This year has been a bright one for Ethereum after trading as low as $993.77 and going on to appreciate by 55.56% year to date. ETH has a market cap of 226.32 billion with an average daily volume of 9.57 billion.