ETH is down 4.51%, trading at $1,626.8

Ethereum is down to $1,626.8, after ending today at $1,703.6. Overall, a 4.51% loss or $76.79 today.

Ethereum's upper Bollinger Band® is at $1,720.64 which indicates a further downward move may follow.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts ETH to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the ETH is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, after ending today's session at $84.33, Litecoin lost $8.57 and is trading around $75.76. After ending today's session at $0.075, Dogecoin lost $0.007 and is trading around $0.068. EOS closed at $1.02 (down 8.35%).

This year has been a bright one for Ethereum after trading as low as $993.77 and going on to appreciate by 37.91% year to date. Ethereum is currently trading with a market cap of 199 billion with an average daily volume of 8 billion.