Mixed sentiment leads Ether cryptocurrency to trade sideways; establishes tight $1,818.19 to $1,828 range

Without a clear-cut direction, Ethereum is trading around $1,819 and ranging between $1,818.19 and $1,828.

Ethereum's upper Bollinger Band® is at $1,937.41, suggesting that a downward move may follow. Despite this, Ether is approaching key support, around $7.78 away from $1,811.17. 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.

Despite the market lacking direction, technical chart analysis strongly suggests ETH is positioned for a downward move in the near term.

Meanwhile, mixed performances are seen elsewhere as FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.

Ether has fallen back around 14.23% from the significant high of $2,120 set a month ago. Ethereum is currently trading with a market cap of 218.77 billion with an average daily volume of 7 billion.