Mixed sentiment leads Ether cryptocurrency to trade sideways; establishes tight $2,080.34 to $2,096 range

A mostly flat day so far for ETH, ranging between $2,080.34 and $2,096; currently at $2,091.43.

As the day gets underway, chart analysis suggests Ethereum is currently alternating around $2,083.42 with price action moving above and below this key level throughout the session. Trend-following investors would be interested to note that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates ETH is currently 'overbought' which suggests new gains will be harder to obtain. Analysis based on the asset volatility indicates that ETH's upper Bollinger Band® is at $2,124.46, suggesting that a downward move may follow.

Notwithstanding Ethereum's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

At the same time, 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. Cosmos USD is up 2.27%. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.

ETH has gained 75.82% since its lowest print of $993.77 earlier this year. Ethereum has a market cap of 250.38 billion with an average daily volume of 8.17 billion.