Ethereum Technical Analysis 01-28-21

By xuanling11 | Crypto Learning | 29 Jan 2021


Technical Analysis

859efe5febf9da121bef8d6fa9370d3a7085af8a0e37fe0f88c23ee895315347.png902f5e7e8e994afa710e0a18eb5401cac85b2a80801b8801525a42a3ca5949bc.png

 

Let's take a look at some key metrics.

It opens at $1.2K and goes down around to $1.2K and stable around $1.3K. The average transaction fee is $8.44 which is 10.76% increase from 01-27-21.

fe5f606a026ce0dde5bdb1ad302aff9c5e4201e9d568c0ff8daff38724a10abe.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

e136a28bb4ed35a63bc3dcace7968a7919ef649c0fd05b31a632ef077036150a.png

Market is cautionary at the moment.

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

Ethereum Risk Forecast:

aa25442f1abd25e4738989d7acaf91421bd86384ddfa02b0353690c15b520d90.png

4e4db4102bf11f2ebd932a144d619f3e284f1c0022fa611fa2de806891ca7e5b.png

Ethereum increase its correlation with S&P 500 indicates that it becomes a neural position 👁️. The price may fluctuate more in the coming day with price toward mid-level. However, it was relatively stable.

Here is the position summary below:

7601f6d6c9aeed761a8f24242c7a96a04b17cafe05004898f0d63f299b1da2ac.png

As today, Ethereum Value = $1.1k ~ $1.5k and my position is Long.

Ethereum is stable and good way to hedge with uncertain market risk.

Daily Market Summary Dashboard:

 

89e4d13f4141087d8e878b57ee974db35d403e1af5059ee69a7fa46b684decc8.jpg

420dbc9c9f600b0d14debd56e51ede4dcc8410cd072ee28f80fdfee04a1246a1.jpg

810df9f89101a19edac3d2dc6f2e981a8a813d7c53b99b9b83c4cf3f18677658.jpg

Weekly Ethereum Performance:

f79ee923693e8eff8407ce6d077faa5efd049cb88a382700f3f2e605ef59bb23.png

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

 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Ethereum gas fees continue improving

It indicates that Ethereum blockchain technology has been continue improving.

Most Bearish News 📉

DeFi scam becomes larger

It indicates that Ethereum price correction is coming due to bubble deflation.

 

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📉

Bitcoin Technical Analysis 01-27-21📉

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📉

Ethereum Technical Analysis 01-27-21📉

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

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?


4

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.