Ethereum Technical Analysis 01-10-21

By xuanling11 | Crypto Learning | 10 Jan 2021


Technical Analysis

d6c95323e41348f8f6457bc1c6042c89f7368e4fd1fcf76208d77931e08451ab.png

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.

3b30ddd7b41ca73f2eacc988e445ae77c9da185b2a5730d0ded8fd44374d0380.png

I think Ethereum may touch ceiling around $1.5K and stable around $1.3K.

As 01-10-21, Ethereum Value =  $1.3k ~ $1.5k

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News

Ethereum transaction fee is better than Bitcoin

70e71c38be3df8ed97c733d71e59ae46f1e1656c3d26172288ee0fefff1256e5.png

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!

-------------------------------------------------------------------------------------

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

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

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.

How do you rate this article?


3

0

xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.