Mixed sentiment leads Ethereum cryptocurrency to trade sideways; establishes tight $1,892.45 to $1,892.55 range

Ethereum trades at $1,892.55, after ending today at $1,892.45.

Ethereum's upper Bollinger Band® is at $1,929, suggesting that a downward move may follow.

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

While Ether is pretty flat so far today, mixed performances are seen elsewhere as FTX Token added 9.54% to its value, now trading at $1.36. UNICORN Token USD is up 1.62%.

ETH is now trading 10.74% below the significant high of $2,120 it set around a month ago. Ethereum has a market cap of 227.55 billion with an average daily volume of 5.36 billion.