Losing streak continues, Ethereum lost $13.81 to $1,835 adding to its five consecutive days of drops

Struggling to find upward momentum, ETH has shed $13.81 to currently trade at $1,835 as it ranges between $1,830 and $1,860 so far today.

Ethereum fell below the $1,845.32 support zone and moved $10.47 beyond it; the next level of support with significant buyer interest is estimated at $1,834.36. ETH made an initial break below its 10 day Simple Moving Average at $1,848.17, a possible indication of a forthcoming negative trend. Ether's upper Bollinger Band® is at $1,911.73 which indicates a further downward move may follow.

Looking forward, Ether is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, Ripple slumps 0.82% to trade around $0.5. Tezos USD withdraws 1.52% to trade around $1.08.

Other assets are showing positive performances as FTX Token is up 9.54%.

This year has been a bright one for Ethereum after trading as low as $993.77 and going on to appreciate by 55.04% year to date. ETH is currently trading with a market cap of 221 billion with an average daily volume of 8.94 billion.