Ether cryptocurrency trades up $50, approximately 2.97% higher going into tomorrow

After closing the previous trading day at $1,681, Ether is up to $1,731, which makes for a move of 2.97%/$50 today.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Ethereum's upper Bollinger Band® is at $1,739.23, this is a slight indication of a slowdown.

Overall, while ETH has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Ethereum shows positive signs, other assets are also on par: Cosmos USD rallies 12.07% to trade around $13.47. Having closed the previous session at $1.09, Tezos USD is up 11.16% today to currently trade at around $1.22. FTX Token leaps up 9.54% to trade around $1.36.

This year has been a bright one for Ether after trading as low as $993.77 and going on to appreciate by 38.61% year to date. ETH is currently trading with a market cap of 211.81 billion with an average daily volume of 8 billion.