Media
Technical Analysis
Ethereum opens at $1.6K and goes down around to $1.4K and stable around $1.5K. The average transaction fee is $16.11 which is 26.06% increase from 02-02-21.
Ethereum is resilience at around $1.3K as my analysis yesterday.
It is slowly grind up and toward $1.7K and short term correction may come.
Ethereum decreases its correlation with Dollar indicates that it becomes a defense position ???. The price may fluctuate more in the coming day with price toward mid-level. However, it was relatively stable.
I raise my floor price to $1.2k indicates the strong support and ramain the ceiling price at $1.6k.
As today, Ethereum Value = $1.2k ~ $1.6k and my position is Long.
Ethereum price is continuing stable and grinding higher while minor correction may happen.
Here is the road map:
Most Bullish News ??
It indicates that Ethereum continue expending pool of buyers.
Most Bearish News ??
Gas fees surge
It indicates that Ethereum inefficiency to transact may hinder its value grow.
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Here are summary of general forecast of this week of economy and market:
Thanks for reading and see you tomorrow!
The text on this page is based on the original post and does not claim the copyright of the owner in any way. Everything written here is a free interpretation of the original post.-------------------------------------------------------------------------------------
You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21??
Bitcoin Technical Analysis 01-08-21??
Bitcoin Technical Analysis 01-09-21??
Bitcoin Technical Analysis 01-10-21??
Bitcoin Technical Analysis 01-11-21??
Bitcoin Technical Analysis 01-12-21??
Bitcoin Technical Analysis 01-13-21??
Bitcoin Technical Analysis 01-14-21??
Bitcoin Technical Analysis 01-15-21??
Bitcoin Technical Analysis 01-16-21??
Bitcoin Technical Analysis 01-17-21??
Bitcoin Technical Analysis 01-18-21??
Bitcoin Technical Analysis 01-19-21??
Bitcoin Technical Analysis 01-20-21??
Bitcoin Technical Analysis 01-21-21??
Bitcoin Technical Analysis 01-22-21??
Bitcoin Technical Analysis 01-23-21??
Bitcoin Technical Analysis 01-24-21??
Bitcoin Technical Analysis 01-25-21??
Bitcoin Technical Analysis 01-26-21??
Bitcoin Technical Analysis 01-27-21??
Bitcoin Technical Analysis 01-28-21??
Bitcoin Technical Analysis 01-29-21??
Bitcoin Technical Analysis 01-30-21??
Bitcoin Technical Analysis 01-31-21??
Bitcoin Technical Analysis 02-01-21??
Bitcoin Technical Analysis 02-02-21??
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21??
Ethereum Technical Analysis 01-08-21??
Ethereum Technical Analysis 01-09-21??
Ethereum Technical Analysis 01-10-21??
Ethereum Technical Analysis 01-11-21??
Ethereum Technical Analysis 01-12-21??
Ethereum Technical Analysis 01-13-21??
Ethereum Technical Analysis 01-14-21??
Ethereum Technical Analysis 01-15-21??
Ethereum Technical Analysis 01-16-21??
Ethereum Technical Analysis 01-17-21??
Ethereum Technical Analysis 01-18-21??
Ethereum Technical Analysis 01-19-21??
Ethereum Technical Analysis 01-20-21??
Ethereum Technical Analysis 01-21-21??
Ethereum Technical Analysis 01-22-21??
Ethereum Technical Analysis 01-23-21??
Ethereum Technical Analysis 01-24-21??
Ethereum Technical Analysis 01-25-21??
Ethereum Technical Analysis 01-26-21??
Ethereum Technical Analysis 01-27-21??
Ethereum Technical Analysis 01-28-21??
Ethereum Technical Analysis 01-29-21??
Ethereum Technical Analysis 01-30-21??
Ethereum Technical Analysis 01-31-21??
Ethereum Technical Analysis 02-01-21??
Ethereum Technical Analysis 02-02-21??
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You can reference my previous Dogecoin analysis here:
Doge Analysis 01-11-21??
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21????
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21????
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21????
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Risk forecast guideline:
Risk Averse means you can use Ethereum as defense ???
Risk Seeking means you can use Ethereum as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.