Technical Analysis
Let's take a look at some key metrics.
It opens at $1.2K and hit up to $1.3K and stable around $1.2K. The average transaction fee is $10.59 which is 29% decrease from 01-09-21.
Ethereum is fair stable and its average transaction fee has improved.
I think Ethereum may touch ceiling around $1.5K and stable around $1.3K.
As 01-10-21, Ethereum Value = $1.3k ~ $1.5k
Most Bullish News
Ethereum transaction fee is better than Bitcoin
I think Ehereum 2.0 will pay off in long term and become more efficient than Bitcoin.
Most Bearish News
Regulator is eyeing on cryptocurrenies
It indicates Ethereum value or cryto market may cool down further.
Thanks for reading and see you tomorrow!
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You can reference my previous analysis here:
Ethereum Technical Analysis 01-07-21
Ethereum Technical Analysis 01-08-21
Ethereum Technical Analysis 01-09-21
Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. 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.
