Ethereum Technical Analysis 01-24-21

By xuanling11 | Crypto Learning | 24 Jan 2021


Technical Analysis

f0211ae198c5ed87fcd54dc1ce7bfd9bd91956f8dd4166daada65e1f4972f296.png

73299085fd735a4614d72f54c27d8f953775109252a506829716ff2de6f79e9d.png

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.

e54b9138d1551147de179df242ee2bfb178d6207a29d85190af9a772493e2619.png

Ethereum is resilience at around $1.2K as my analysis yesterday.

Crypto Fear & Greed Index

9ebb375ae18d1887624fa16561211a8a4534ce4b3f2cb565e45b1f6f2910a9ea.png

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:

668fae754f3f46ba06ce6b086ee0ff684b7b6b1e724a0bceef6dcd421b2e4f98.png

Weekly Ethereum Performance:

2bb0777f052e37224a7a971992832263bcfecd02890c4f94db5be2c8ee00856b.png

Ethereum price is continuing stable and grinding higher.

 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Ethereum market trading start trending up

It indicates that Ethreum status of currency is further legitimatize.

Most Bearish News 📉

DeFi continue booming

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:

7a38605b041b9e45c2f87c1a6f6aeb8a4518fd78272889f02f3bfe8369035b32.png

13f038682415cc3e16db810853c12c15d8f5990ba05c71d17f685440a87f0032.png

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:

Doge Analysis 12-28-21📈

Doge Analysis 01-01-21📈

Doge Analysis 01-02-21📈

Doge Analysis 01-11-21📉

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

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.

How do you rate this article?


7

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.