Ethereum cryptocurrency trades up $7.25, approximately 0.39% higher this afternoon

Currently trading at $1,857, Ethereum remains range-bound between $1,846.69 and $1,863.73.

Ethereum's lower Bollinger Band® is at $1,748, indicating that the market is oversold and fertile for new buyers. In contrast, although Ether is appreciating today after rising as high as $1,863.73, price action is now slowing and consolidating around $62.96 below the $1,920 resistance level.

Examining the technical analysis landscape, Ether might continue its downtrend in the short term.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ripple increases 2.63% to trade around $0.462. Having closed the previous session at $321.49, Binance Coin is up 2.02% today to currently trade at around $327.96.

ETH has gained 53.48% since its lowest print of $993.77 earlier this year. Ether is currently trading with a market cap of 223.60 billion with an average daily volume of 9.47 billion.