Sirwin
Sirwin

Ethereum Technical Analysis 02-10-21

By xuanling11 | Crypto Learning | 11 Feb 2021


Technical Analysis

Ethereum opens at $1.7K and goes up around to $1.8K and stable around $1.6K. The average transaction fee is $24.48 which is 8.46% increase from 02-09-21.

Ethereum is strong support at around $1.3K as my analysis yesterday.Β 

It is slowly grind up and toward $1.9K and short term correction may come.

Ethereum increases its correlation with Gold and Stock indicates that it becomes a neutral position πŸ‘οΈ. The price may fluctuate more in the coming day with price toward mid-level. However, it was relatively stable.

I remain my floor price to $1.3k indicates the strong support and remain the ceiling price at $1.7k.

As today, Ethereum Value = $1.3k ~ $1.7k and my position is Long.

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

Here are some highlights to support my analysis:

dedd7021045d3b3f03e8dbd034b6f85d4014e93c277bf2dbb67fd5a4ad14bcd9.png134578c5a8b611e66ec603294052b34cc716c193820d05e1f514c96df0760f66.png015c9701115166c22e24156012251aaebe6f4271d5ad9e0f72ac6cd7c1efff33.pngc2455860dfff5734fc8ba1bc2e139f14af9cd7a8a00394100834b5676e44f27f.pngd3830f123b3630463678e6e5e220ff5952832ff14d6fec06bcb8278920d41214.png

Here is the road map for today:

e1e8ad088d6d104f3232f809e7cd785cccab15625556ec1cc46523edf1e4d72d.png

Β 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News πŸ“ˆ

Ethereum future is DeFi future

It indicates that Ethereum will further power by DeFi.

Most Bearish News πŸ“‰

Ethereum 2.0 staking continues

It indicates that Ethereum be more stable.

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



80d2ea03fb586d2fd138628eb99bf0757468df1a66e40b555558e2098a0d005f.png

669261adc0d3a11ac8f9ffebe3ae4a8cd613c2c35da4f833e63b427ebb76cf7f.png

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

Β 

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 01-07-21πŸ“ˆ
Bitcoin Technical Analysis 01-08-21πŸ“ˆ
Bitcoin Technical Analysis 01-09-21πŸ“‰
Bitcoin Technical Analysis 01-10-21πŸ“‰
Bitcoin Technical Analysis 01-11-21πŸ“‰
Bitcoin Technical Analysis 01-12-21πŸ“ˆ
Bitcoin Technical Analysis 01-13-21πŸ“‰
Bitcoin Technical Analysis 01-14-21πŸ“ˆ
Bitcoin Technical Analysis 01-15-21πŸ“‰
Bitcoin Technical Analysis 01-16-21πŸ“‰
Bitcoin Technical Analysis 01-17-21πŸ“‰
Bitcoin Technical Analysis 01-18-21πŸ“ˆ
Bitcoin Technical Analysis 01-19-21πŸ“ˆ
Bitcoin Technical Analysis 01-20-21πŸ“‰
Bitcoin Technical Analysis 01-21-21πŸ“‰
Bitcoin Technical Analysis 01-22-21πŸ“ˆ
Bitcoin Technical Analysis 01-23-21πŸ“‰
Bitcoin Technical Analysis 01-24-21πŸ“‰
Bitcoin Technical Analysis 01-25-21πŸ“ˆ
Bitcoin Technical Analysis 01-26-21πŸ“‰
Bitcoin Technical Analysis 01-27-21πŸ“‰
Bitcoin Technical Analysis 01-28-21πŸ“ˆ
Bitcoin Technical Analysis 01-29-21πŸ“ˆ
Bitcoin Technical Analysis 01-30-21πŸ“‰
Bitcoin Technical Analysis 01-31-21πŸ“‰
Bitcoin Technical Analysis 02-01-21πŸ“ˆ
Bitcoin Technical Analysis 02-02-21πŸ“ˆ
Bitcoin Technical Analysis 02-03-21πŸ“ˆ
Bitcoin Technical Analysis 02-04-21πŸ“‰
Bitcoin Technical Analysis 02-05-21πŸ“ˆ
Bitcoin Technical Analysis 02-06-21πŸ“‰
Bitcoin Technical Analysis 02-07-21πŸ“ˆ
Bitcoin Technical Analysis 02-08-21πŸ“ˆ
Bitcoin Technical Analysis 02-09-21πŸ“‰
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21πŸ“ˆ
Ethereum Technical Analysis 01-08-21πŸ“‰
Ethereum Technical Analysis 01-09-21πŸ“ˆ
Ethereum Technical Analysis 01-10-21πŸ“‰
Ethereum Technical Analysis 01-11-21πŸ“‰
Ethereum Technical Analysis 01-12-21πŸ“ˆ
Ethereum Technical Analysis 01-13-21πŸ“‰
Ethereum Technical Analysis 01-14-21πŸ“ˆ
Ethereum Technical Analysis 01-15-21πŸ“‰
Ethereum Technical Analysis 01-16-21πŸ“ˆ
Ethereum Technical Analysis 01-17-21πŸ“‰
Ethereum Technical Analysis 01-18-21πŸ“ˆ
Ethereum Technical Analysis 01-19-21πŸ“ˆ
Ethereum Technical Analysis 01-20-21πŸ“‰
Ethereum Technical Analysis 01-21-21πŸ“‰
Ethereum Technical Analysis 01-22-21πŸ“ˆ
Ethereum Technical Analysis 01-23-21πŸ“ˆ
Ethereum Technical Analysis 01-24-21πŸ“ˆ
Ethereum Technical Analysis 01-25-21πŸ“ˆ
Ethereum Technical Analysis 01-26-21πŸ“‰
Ethereum Technical Analysis 01-27-21πŸ“‰
Ethereum Technical Analysis 01-28-21πŸ“ˆ
Ethereum Technical Analysis 01-29-21πŸ“ˆ
Ethereum Technical Analysis 01-30-21πŸ“ˆ
Ethereum Technical Analysis 01-31-21πŸ“‰
Ethereum Technical Analysis 02-01-21πŸ“ˆ
Ethereum Technical Analysis 02-02-21πŸ“ˆ
Ethereum Technical Analysis 02-03-21πŸ“ˆ
Ethereum Technical Analysis 02-04-21πŸ“‰
Ethereum Technical Analysis 02-05-21πŸ“ˆ
Ethereum Technical Analysis 02-07-21πŸ“ˆ
Ethereum Technical Analysis 02-08-21πŸ“ˆ
Ethereum Technical Analysis 02-09-21πŸ“‰
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21πŸ“ˆ
Doge Analysis 01-01-21πŸ“ˆ
Doge Analysis 01-02-21πŸ“ˆ
Doge Analysis 01-11-21πŸ“‰
Doge Analysis 01-28-21πŸ“ˆ
Doge Analysis 02-04-21πŸ“ˆ
Doge Analysis 02-07-21πŸ“ˆ
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21πŸ”₯πŸ”₯
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Risk forecast guideline:
Risk Averse means you can use as defense πŸ›‘οΈ
Risk Seeking means you can use as offense βš”οΈ
Risk Neutral means no decision made and continue seeking opportunities πŸ‘οΈ
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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

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