Mixed sentiment leads ETH cryptocurrency to trade sideways; establishes tight $1,808 to $1,813.72 range

Without a clear-cut direction, ETH is trading around $1,812.57 and ranging between $1,808 and $1,813.72.

Technical analysis trend indicators suggest that Ethereum made an initial break below its 10 day Simple Moving Average at $1,810.21, a possible indication of a forthcoming negative trend. According to asset volatility analysis, Ethereum's upper Bollinger Band® is at $1,940.34 and the lower is $1,746.4. As the trading day commences, technical analysis suggests Ether is approaching key support, around $14.91 away from $1,797.66. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Overall, technical indicators suggest Ether has no obvious direction for the immediate future.

Meanwhile, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD slides down 2.98% to trade around $6.43. Ripple is down $0.004 from the beginning of the session and now trades around $0.464.

Having set a significant high of $2,120 a month ago, ETH is trading 14.49% lower. ETH is currently trading with a market cap of 218 billion with an average daily volume of 7.18 billion.