Mixed sentiment leads ETH cryptocurrency to trade sideways; establishes tight $1,763.31 to $1,835.5 range

Ethereum trades at $1,793, after ending today at $1,793.6.

The Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. ETH's upper Bollinger Band® is at $1,756, indicating gains could follow.

Despite muted price action in Ether, chart analysis indicates it is positioned for a bullish run in the short term.

At the same time, mixed performances are seen elsewhere as FTX Token gained 9.54% and is now trading at $1.36. Cosmos USD closed at $12.53 (down 4.82%). After ending today's session at $1.15, EOS lost $0.03 and is trading around $1.12.

Ethereum has gained 35.33% since its lowest print of $993.77 earlier this year. Ether has a market cap of 219.43 billion with an average daily volume of 8 billion.