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March 11, 2023
Tentatively higher from an earlier low of $1,429.51, Ether is up to $1,467 today, adding $37, or 2.6%, to today's closing price of $1,430.
Ethereum broke through the $1,445 resistance, climbing $21.86 above it. Ethereum made an initial breakout above its 3 day Simple Moving Average at $1,468, a potential indicator of a newly emerging bullish phase. Ethereum's lower Bollinger Band® is at $1,414, indicating that the market is oversold and fertile for new buyers.
With all probabilities considered, today's gains in Ethereum have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.
Other markets are also showing gains as FTX Token is up 9.54%. Having closed the previous session at $20,200, Bitcoin is up 1.77% today to currently trade at around $20,562.
Meanwhile, UNICORN Token USD closed at $6.43 (down 2.98%).
Ethereum has fallen back around 59.32% from the significant high of $3,515 set 11 months ago. Ether is currently trading with a market cap of 179.52 billion with an average daily volume of 6.99 billion.
