Sirwin
Sirwin

Ethereum Technical Analysis 01-27-21

By xuanling11 | Crypto Learning | 27 Jan 2021


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

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 👁️

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

Technical Analysis

268315f19d3368f82bf2229757efcc4164b7ead1211eaa922597a854a996ee03.png

b518584a7e8d96b1eb33709f611aa26ce32697f6d0f9e1bdc6b6980d82c6c061.png

 

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.

32a181c6ae58c320f2d010b1d8c44d8cccae7fb659bd8f61d66dda81c5811c37.png

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

65e01f4fe9c21da0244a98f86f9005678c401413c12663501f7862c06786c481.png

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

Ethereum Risk Forecast:

ff9e3ffbe00e88c214fa44f24119e042fe00b9d423bec211088d19f317aef4e7.png

 

a1584a68ad27fd8ba145b2cb6fdf567364f58cf33854155bc6bb981b7723fe37.png

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.

 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

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:

7a38605b041b9e45c2f87c1a6f6aeb8a4518fd78272889f02f3bfe8369035b32.png

eaae845b38da4c5e5bb0c018d179c8b207dac49b9384884d5c69b70acf4aa0da.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📉

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.

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

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📉

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

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 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🔥🔥

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

 

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.

How do you rate this article?

13


xuanling11
xuanling11

Check out https://www.xuanling11.com/.


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.