Ether is growing its four-day winning streak and is trading at $1,723, gaining $6.

After closing the previous trading day at $1,717, Ether went up to $1,760 only to drop back; still positive overall today, now trading at $1,723.

Ethereum made an initial breakout above its 10 day Simple Moving Average at $1,743.77, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $1,740.27 currently serving as resistance Ether's lower Bollinger Band® is at $1,640, indicating that the market is oversold and fertile for new buyers. In contrast, after reaching the known resistance zone beginning at $1,747.39, Ether price action retreated approximately $24.55.

Overall, looking at the technical analysis landscape, it seems ETH might continue pointing upwards in the short term.

ETH shows positive signs, other assets are also on par: FTX Token gained 9.54% and is now trading at $1.36. Binance Coin is up 2.4%. MaticNetwork USD is up 4.4%.

Approximately 2 months ago, Ethereum reached a significant high of $2,120 but has struggled to hold onto its gains and declined 19% since then. ETH has a market cap of 207.11 billion with an average daily volume of 6.18 billion.