Mixed sentiment leads Ethereum cryptocurrency to trade sideways; establishes tight $1,642 to $1,669.75 range

Ethereum trades at $1,660.74, after ending today at $1,657.6.

Ethereum's upper Bollinger Band® is at $1,725.23, 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 Binance Coin gained 6.32% and is currently trading at $327. FTX Token is up 9.54%. Having closed the previous session at $1.15, Tezos USD is up 3.56% today to currently trade at around $1.19.

Ether has managed to gain 39.37% so far this year despite trading at lows around $993.77 previously. Ethereum is currently trading with a market cap of 203.23 billion with an average daily volume of 8 billion.