Sirwin
Sirwin

Ethereum Technical Analysis 01-23-21

By xuanling11 | Crypto Learning | 24 Jan 2021


Technical Analysis

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133c95de65c45e9000b6bb72ba3cf0f125f5a365b4c5509515598d9ce7b895da.png

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.

62ea3ec26cfdae6427f36ec46752e1b8cd7aa44367a9c69ddbf348d71a6ecb2f.png

Ethereum is resilience at around $1.1K as my analysis yesterday.

Crypto Fear & Greed Index

7427229a48ab1de60043691070fc86d0d392c210e8ce58f428c42578214dbc21.png

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:

b7faf18a9d68d13fe46d8a5cade4448e86c1147e1f80791549d13fe6d93fac33.png

Weekly Ethereum Performance:

9047b767d567930ba0559b6939aebee6534937f1f00dcf7f57e2781127e86466.png

Ethereum price is stable and upward trend is coming.

 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Ethereum Whales continue accumulating ETH

It indicates that Ethereum continue legitimating its status.

Most Bearish News 📉

Ethereum gas fee is up again

It indicates that Ethereum may have some correction continue.

 

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

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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📉

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📈

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📈

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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🔥🔥

Crytomarket Weekly Overview 1-15-21 to 1-22-21🔥🔥

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.

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xuanling11
xuanling11

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