Technical Analysis

Let's take a look at some key metrics.

It opens at $1.2K and goes down to $1.1K and stable around $1.1K. The average transaction fee is $6.50 which is 7.93% decrease from 01-16-21.

Ethereum is resilience at around $1K to $1.2K.

As 01-17-21,Ethereum Value = $1.1k ~ $1.4k

 

Most Bullish News 📈

DiFi continue hyping up

It indicates that Ethereum will have more utilize on crypto financial leveraging.

Most Bearish News 📉

Ethereum lacks of trading volume

It indicates that Ethereum price may drop in coming day.

 

Here are summary of general forecast of upcoming week of economy and market:

Thanks for reading and see you tomorrow!

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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📉

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📈

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You can reference my previous Dogecoin analysis here:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

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You can reference my previous Cryptomarket analysis here:

Crytomarket Weekly Overview 1-8-21 to 1-15-21🔥🔥

 

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.