Mixed sentiment leads Ethereum cryptocurrency to trade sideways; establishes tight $1,842.61 to $1,855.83 range

A mostly flat day so far for Ether, ranging between $1,842.61 and $1,855.83; currently at $1,845.81.

Ethereum's upper Bollinger Band® is at $1,948.29, suggesting that a downward move may follow. Despite this, ETH is approaching key support, around $35.13 away from $1,810.69. 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 gained 1.62% and is now trading at $6.47.

ETH has gained 53.04% since its lowest print of $993.77 earlier this year. Ethereum is currently trading with a market cap of 222 billion with an average daily volume of 9.13 billion.