Technical Analysis
Let's take a look at some key metrics.
It opens at $1.2K and goes around to $1.2K and stable around $1.2K. The average transaction fee is $6.85 which is 36.81% decrease from 01-23-21.
Ethereum is resilience at around $1.2K as my analysis yesterday.
Crypto Fear & Greed Index
Greed index has back to normal.
Ethereum price is stable and resilient.
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 continuing stable and grinding higher.
Most Bullish News 📈
Ethereum market trading start trending up
It indicates that Ethreum status of currency is further legitimatize.
Most Bearish News 📉
It indicates that Ethereum may ahead of its valuation as a bubble.
Here are summary of general forecast of this week of economy and market:
Thanks for reading and see you tomorrow!
-------------------------------------------------------------------------------------
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📈
Bitcoin Technical Analysis 01-23-21📉
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
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📈
Ethereum Technical Analysis 01-23-21📈
-------------------------------------------------------------------------------------
You can reference my previous Dogecoin analysis here:
-------------------------------------------------------------------------------------
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🔥🔥
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.
