Ethereum set for weak finish today; down 1.58% to $1,760.32 with 2 hours before close

ETH is down to $1,760.32, after ending today at $1,788.67. Overall, a 1.58% loss or $28.35 today.

Investors are seeking long positions as Ethereum price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Having crossed the upper Bollinger Band® at $1,746.7, ETH could be headed for an upward correction.

Despite suffering losses in today's session, technical analysis is indicating that Ethereum will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other markets, Litecoin closed at $80.95 (down 4.18%). Dogecoin draws back 3.82% to trade around $0.072.

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

Ether is currently trading with a market cap of 215.42 billion with an average daily volume of 8 billion.