Technical Analysis
Let's take a look at some key metrics.
It opens at $1.4K and goes up around to $1.4K and stable around $1.2K. The average transaction fee is $9.46 which is 19.14% increase from 01-25-21.
Ethereum is resilience at around $1.3K as my analysis yesterday.Β
It is slowly grind up and toward $1.5K and short term correction may come.
Crypto Fear & Greed Index
I remain my floor price to$1.1k indicates the strong support and remain the ceiling price at $1.5k.
As today, Ethereum Value = $1.1k ~ $1.5k and my position is Long.
Here is the position summary below:
Weekly Ethereum Performance:
Ethereum price is continuing stable and grinding higher while minor correction may happen.
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Most Bullish News π
Ethereum goes to emerging market
It indicates that Ethereum continue expending its market.
Most Bearish News π
It indicates that Ethereum may produce bubble in the short term and damage its value position.
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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 01-07-21π
Bitcoin Technical Analysis 01-08-21π
Bitcoin Technical Analysis 01-09-21π
Bitcoin Technical Analysis 01-10-21π
Bitcoin Technical Analysis 01-11-21π
Bitcoin Technical Analysis 01-12-21π
Bitcoin Technical Analysis 01-13-21π
Bitcoin Technical Analysis 01-14-21π
Bitcoin Technical Analysis 01-15-21π
Bitcoin Technical Analysis 01-16-21π
Bitcoin Technical Analysis 01-17-21π
Bitcoin Technical Analysis 01-18-21π
Bitcoin Technical Analysis 01-19-21π
Bitcoin Technical Analysis 01-20-21π
Bitcoin Technical Analysis 01-21-21π
Bitcoin Technical Analysis 01-22-21π
Bitcoin Technical Analysis 01-23-21π
Bitcoin Technical Analysis 01-24-21π
Bitcoin Technical Analysis 01-25-21π
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21π
Ethereum Technical Analysis 01-08-21π
Ethereum Technical Analysis 01-09-21π
Ethereum Technical Analysis 01-10-21π
Ethereum Technical Analysis 01-11-21π
Ethereum Technical Analysis 01-12-21π
Ethereum Technical Analysis 01-13-21π
Ethereum Technical Analysis 01-14-21π
Ethereum Technical Analysis 01-15-21π
Ethereum Technical Analysis 01-16-21π
Ethereum Technical Analysis 01-17-21π
Ethereum Technical Analysis 01-18-21π
Ethereum Technical Analysis 01-19-21π
Ethereum Technical Analysis 01-20-21π
Ethereum Technical Analysis 01-21-21π
Ethereum Technical Analysis 01-22-21π
Ethereum Technical Analysis 01-23-21π
Ethereum Technical Analysis 01-24-21π
Ethereum Technical Analysis 01-25-21π
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You can reference my previous Dogecoin analysis here:
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21π₯π₯
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21π₯π₯
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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.