Technical Analysis
Let's take a look at some key metrics.
It opens at $1.2K and goes down around to $1.1K and stable around $1.1K. The average transaction fee is $10.84 which is 38.80% increase from 01-22-21.
Ethereum is resilience at around $1.1K as my analysis yesterday.
Crypto Fear & Greed Index
Greed index has back to normal and people will continue buying.
I remain my floor price to$1.1k indicates the strong support and remain the ceiling price at $1.4k.
As today, Ethereum Value = $1.1k ~ $1.4k and my position is Long.
Here is the summary below:
Weekly Ethereum Performance:
Ethereum price is stable and upward trend is coming.
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Most Bullish News ๐
Ethereum Whales continue accumulating ETH
It indicates that Ethereum continue legitimating its status.
Most Bearish News ๐
It indicates that Ethereum may have some correction continue.
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Here are summary of general forecast of this 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 01-07-21๐
Bitcoin Technical Analysis 01-08-21๐
Bitcoin Technical Analysis 01-09-21๐
Bitcoin Technical Analysis 01-10-21๐
Bitcoin Technical Analysis 01-11-21๐
Bitcoin Technical Analysis 01-12-21๐
Bitcoin Technical Analysis 01-13-21๐
Bitcoin Technical Analysis 01-14-21๐
Bitcoin Technical Analysis 01-15-21๐
Bitcoin Technical Analysis 01-16-21๐
Bitcoin Technical Analysis 01-17-21๐
Bitcoin Technical Analysis 01-18-21๐
Bitcoin Technical Analysis 01-19-21๐
Bitcoin Technical Analysis 01-20-21๐
Bitcoin Technical Analysis 01-21-21๐
Bitcoin Technical Analysis 01-22-21๐
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21๐
Ethereum Technical Analysis 01-08-21๐
Ethereum Technical Analysis 01-09-21๐
Ethereum Technical Analysis 01-10-21๐
Ethereum Technical Analysis 01-11-21๐
Ethereum Technical Analysis 01-12-21๐
Ethereum Technical Analysis 01-13-21๐
Ethereum Technical Analysis 01-14-21๐
Ethereum Technical Analysis 01-15-21๐
Ethereum Technical Analysis 01-16-21๐
Ethereum Technical Analysis 01-17-21๐
Ethereum Technical Analysis 01-18-21๐
Ethereum Technical Analysis 01-19-21๐
Ethereum Technical Analysis 01-20-21๐
Ethereum Technical Analysis 01-21-21๐
Ethereum Technical Analysis 01-22-21๐
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You can reference my previous Dogecoin analysis here:
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You can reference my previous Cryptomarket analysis here:
Crytomarket Weekly Overview 1-8-21 to 1-15-21๐ฅ๐ฅ
Crytomarket Weekly Overview 1-15-21 to 1-22-21๐ฅ๐ฅ
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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.