Ether cryptocurrency trades up $6.2, approximately 0.39% higher this afternoon

Ethereum trades at $1,600.38 after gaining $6.2 (0.39%).

Support/Resistance levels obtained from chart analysis indicate that after reaching the known resistance zone beginning at $1,605.66, Ethereum price action retreated approximately $5.28.

Other markets are also showing gains as FTX Token is up 9.54%. TRON is up 1.81%.

At the same time, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Ether has managed to gain 33.53% so far this year despite trading at lows around $993.77 previously. Ethereum has a market cap of 195.84 billion with an average daily volume of 6 billion.