Ethereum, $ETH, has also failed to post gains in today’s session, as seen from its price movements. Looking at an in-depth analysis, we see that Ethereum is consolidating within the Bollinger Bands after a recent sharp drop. The bands are starting to contract, suggesting lower volatility in the short term.

On the other hand, we see that the MFI is at 79.24, indicating that ETH is in the overbought territory. This could signal a possible price retracement in the near future. Bitcoin traded at $2,418 as of press time, representing a 8.8% decrease over the last 24 hours.