Ether is down 0.34%, trading at $1,904.17

Struggling to find upward momentum, ETH has shed $6.44 to currently trade at $1,904.17 as it ranges between $1,895.28 and $1,924.71 so far today.

Ethereum could begin to recover as it approaches significant support, now $72.61 away from $1,831.56. Dipping below could be an indication that further losses are ahead. Investors are seeking long positions as Ethereum price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Ethereum has just crossed the upper Bollinger Band® at $1,874.16, indicating an upward correction could be on the horizon.

Overall, looking at the technical analysis landscape, it seems Ether might start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, EOS draws back 1.83% to trade around $0.895. Bitcoin is down to $27,900, losing $263.04, after closing at $28,163 in the preceding trading session.

Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is now trading at $1.36.

Approximately a month ago, Ether reached a significant high of $2,120 but has struggled to hold onto its gains and declined 9.88% since then. Ethereum has a market cap of 228.98 billion with an average daily volume of 6 billion.