| 
June 02, 2023Ethereum trades at $1,876.19 after gaining $13.92 (0.75%).
Despite posting gains so far today, Ethereum slid below its 10 day Simple Moving Average at $1,856 in earlier trade — an early indicator that a negative trend could be emerging. Ethereum's upper Bollinger Band® is at $1,911.44, this is a slight indication of a slowdown. Ether could be slowing down soon as it approaches resistance at $1,890. Of course, crossing it might suggest further gains are ahead.
Examining the technical analysis landscape, ETH is likely to reverse course and start pointing downward in the short term.
ETH shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36. Having closed the previous session at $0.884, EOS is up 2.5% today to currently trade at around $0.906.
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 fallen back around 12.16% from the significant high of $2,120 set a month ago. Ethereum has a market cap of 225.60 billion with an average daily volume of 5.55 billion.
