Ethereum Technical Analysis 02-04-21

By xuanling11 | Crypto Learning | 4 Feb 2021


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Fun fact: Did you know that I purposely chose thumbnail image color to reflect each daily sentiment of the crypto market?

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Technical Analysis

Ethereum opens at $1.6K and goes down around to $1.5K and stable around $1.5K. The average transaction fee is $17.30 which is 7.39% increase from 02-03-21.

Ethereum is srong support at around $1.3K as my analysis yesterday

It is slowly grind up and toward $1.7K and short term correction may come.

Ethereum decreases its correlation with Dollar, Gold and Stock Market indicates that it becomes a defense position 🛡️. The price may fluctuate less in the coming day with price toward mid-level. However, it was relatively stable.

I remain my floor price to $1.2k indicates the strong support and remain the ceiling price at $1.6k.

As today, Ethereum Value = $1.2k ~ $1.6k and my position is Long.

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

Here are charts to support my analysis:

da59596f3df2d966d4c8ee5fa05d05fc597669d491621fb6aa4dabb7afeba7c3.pngd48159c76918c3bc6e1b55071e47642a5b34168553eebc2008d704dbd94f38f5.pngcbbc5b939cccf11a330c34e0ff0e0db941b5109668b26c09e25eb632e373b7a3.png1cb869fea1a84a20cc8ef0dc6a6e9be6fcdadfb332143e6a4696f7d7b27067c2.pngd1e607cde1601ef3a9c450544436f1cc013d76f00220bfadc30d93e0577155fc.png4ef5cc1c2c178da4f3c9629878d33a4e0cd881b22e71beeacf2303d8055f17eb.png9bcf358d1d088bdcd665449964cd775219101606aa8992e4d5095613d5e0a947.png8887762ca1c9a61b2f75ffa5a39dd79a3b299a782a9b1cb0570220031e4ad983.png8371124028e01ce1c7b8b22d0b157cceb38dba3ea0eb4d2dd1b734b1ba81448a.png2eb44bc79ea78751da72e160da03bab0eb076f900789f01beaf7f6e432097251.pngb547682358a7f7e32747b5ff04cd5f7eb7d99a1cc12c06754c9681eb4ad94193.png6c3aadd181416dd998071a1d0910a33f3339109fa08d55741404ade289ab0dc5.png

Here is the road map for today:

9673c5e176c3b588fa803ccd78e84e463b61f95d1a339f22bc39b8bc19b0bf52.png

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Ethereum fees increase but with its valuation

It indicates that Ethereum staking works.

Most Bearish News 📉

Ethereum 2.0 staking error

It indicates that Ethereum still needs improve.

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Here are summary of general forecast of this week of economy and market:

d69799e5c89078f2b20d9ef0b04cc6f3d614c810943613f37ccc79eb9d3d328d.png

4b1580ead9777d8df0e373d0eb61c55899eb42290a7f361eae7f406110c435e1.png

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

If you want to support my works, you can click like bottom below and tip more! Great Thanks!

88f2df56c92a6afe62d3fe71d10e985e95fdb8d79b62b4ef65dffa1d6a0368b7.png

Also, if you have any suggestions, please do not hesitate to let me know!

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📉
Bitcoin Technical Analysis 01-27-21📉
Bitcoin Technical Analysis 01-28-21📈
Bitcoin Technical Analysis 01-29-21📈
Bitcoin Technical Analysis 01-30-21📉
Bitcoin Technical Analysis 01-31-21📉
Bitcoin Technical Analysis 02-01-21📈
Bitcoin Technical Analysis 02-02-21📈
Bitcoin Technical Analysis 02-03-21📈
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📉
Ethereum Technical Analysis 01-27-21📉
Ethereum Technical Analysis 01-28-21📈
Ethereum Technical Analysis 01-29-21📈
Ethereum Technical Analysis 01-30-21📈
Ethereum Technical Analysis 01-31-21📉
Ethereum Technical Analysis 02-01-21📈
Ethereum Technical Analysis 02-02-21📈
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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📉
Doge Analysis 01-28-21📈
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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🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
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Risk forecast guideline:
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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Disclosure: 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.


Crypto Learning
Crypto Learning

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