ETH Technical Indicators Lean Slightly Towards Bullishness

• ETH is currently trading at $1,265.03 after a 1.56% increase in price.
• The price of ETH continues to trade above the 9 and 20-day EMA lines.
• ETH traders and investors are waiting in anticipation of the CPI announcement.

Although the crypto market is still mostly bathed in red today, Ethereum (ETH) is one of the cryptocurrencies that saw a much better 24 hours. The crypto market tracking website CoinMarketCap indicates that ETH is currently trading at $1,265.03 after a 1.56% increase in price over the last day. The altcoin is also in the green by about 0.08% over the last seven days.

ETH was also able to strengthen against its biggest competitor in the market, Bitcoin (BTC) by 0.17%. Also in the green is ETH’s 24-hour trading volume which currently stands at $5,047,340,918 after a more than 175 increase over the last day.