Ethereum Technical Analysis 01-27-21

By xuanling11 | Crypto Learning | 27 Jan 2021


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Announcement: I add new section on the Ethereum Technical Analysis for its risk forecast.

Risk Averse means you can use Ethereum as defense 🛡️

Risk Seeking means you can use Ethereum as offense ⚔️

Risk Neutral means no decision made and continue seeking opportunities 👁️

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Technical Analysis

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Let's take a look at some key metrics.

It opens at $1.3K and goes down around to $1.2K and stable around $1.2K. The average transaction fee is $7.62 which is 19.45% decrease from 01-26-21.

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Ethereum is resilience at around $1.3K as my analysis yesterday

It is slowly grind up and toward $1.5K and short term correction may come.

Crypto Fear & Greed Index

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I remain my floor price to $1.1k indicates the strong support and remain the ceiling price at $1.5k.

Ethereum Risk Forecast:

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Ethereum decreases its correlation with Gold indicates that it becomes a offense position ⚔️. The price may fluctuate more in the coming day with price toward mid-level. However, it was relatively stable.

Weekly Ethereum Performance:

bc4de2173885bab9f90250290fd872afa6e01aa45038d07ff9439bcca62b70ac.png

Ethereum price is continuing stable and grinding higher while minor correction may happen.

 

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Most Bullish News 📈

Ethereum foundation partner with Reddit

It indicates that Ethereum continue increasing users base

Most Bearish News 📉

Ethereum 2.0 staking continue

It indicates that Ethereum price stable and value may reduce

 

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📈

Bitcoin Technical Analysis 01-23-21📉

Bitcoin Technical Analysis 01-24-21📉

Bitcoin Technical Analysis 01-25-21📈

Bitcoin Technical Analysis 01-26-21📉

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📈

Ethereum Technical Analysis 01-23-21📈

Ethereum Technical Analysis 01-24-21📈

Ethereum Technical Analysis 01-25-21📈

Ethereum Technical Analysis 01-26-21📉

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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 forecast analysis here:

Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥

Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥

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Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 24 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

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


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