Technical Analysis
Ethereum opens at $1.9K and goes down around to $700 and stable around $1.7K. The average transaction fee is $17.78 which is 21.95% decrease from 02-21-21.
Ethereum is strong support at around $1.5K as my analysis yesterday.ย
It is slowly grind up and toward $2.1K after reach $2K and short term correction may come since its valuation is high in my opinion.
Ethereum decreases its correlation with Gold indicates that it becomes a neutral position ๐๏ธ. 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 $1.3k 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:
Here is the road map for today:
Most Bullish News ๐
Ethereum flash crash and back to normal
It indicates that Ethereum may continue raising more.
Most Bearish News ๐
It indicates that Ethereum may face correction later with exceed transaction fees.
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Here are summary of general forecast of this week of economy and market:
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
ย
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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21๐
Bitcoin Technical Analysis 01-08-21๐
Bitcoin Technical Analysis 01-09-21๐
Bitcoin Technical Analysis 01-10-21๐
Bitcoin Technical Analysis 01-11-21๐
Bitcoin Technical Analysis 01-12-21๐
Bitcoin Technical Analysis 01-13-21๐
Bitcoin Technical Analysis 01-14-21๐
Bitcoin Technical Analysis 01-15-21๐
Bitcoin Technical Analysis 01-16-21๐
Bitcoin Technical Analysis 01-17-21๐
Bitcoin Technical Analysis 01-18-21๐
Bitcoin Technical Analysis 01-19-21๐
Bitcoin Technical Analysis 01-20-21๐
Bitcoin Technical Analysis 01-21-21๐
Bitcoin Technical Analysis 01-22-21๐
Bitcoin Technical Analysis 01-23-21๐
Bitcoin Technical Analysis 01-24-21๐
Bitcoin Technical Analysis 01-25-21๐
Bitcoin Technical Analysis 01-26-21๐
Bitcoin Technical Analysis 01-27-21๐
Bitcoin Technical Analysis 01-28-21๐
Bitcoin Technical Analysis 01-29-21๐
Bitcoin Technical Analysis 01-30-21๐
Bitcoin Technical Analysis 01-31-21๐
Bitcoin Technical Analysis 02-01-21๐
Bitcoin Technical Analysis 02-02-21๐
Bitcoin Technical Analysis 02-03-21๐
Bitcoin Technical Analysis 02-04-21๐
Bitcoin Technical Analysis 02-05-21๐
Bitcoin Technical Analysis 02-06-21๐
Bitcoin Technical Analysis 02-07-21๐
Bitcoin Technical Analysis 02-08-21๐
Bitcoin Technical Analysis 02-09-21๐
Bitcoin Technical Analysis 02-10-21๐
Bitcoin Technical Analysis 02-11-21๐
Bitcoin Technical Analysis 02-12-21๐
Bitcoin Technical Analysis 02-13-21๐
Bitcoin Technical Analysis 02-14-21๐
Bitcoin Technical Analysis 02-15-21๐
Bitcoin Technical Analysis 02-16-21๐
Bitcoin Technical Analysis 02-17-21๐
Bitcoin Technical Analysis 02-18-21๐
Bitcoin Technical Analysis 02-19-21๐
Bitcoin Technical Analysis 02-20-21๐
Bitcoin Technical Analysis 02-21-21๐
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21๐
Ethereum Technical Analysis 01-08-21๐
Ethereum Technical Analysis 01-09-21๐
Ethereum Technical Analysis 01-10-21๐
Ethereum Technical Analysis 01-11-21๐
Ethereum Technical Analysis 01-12-21๐
Ethereum Technical Analysis 01-13-21๐
Ethereum Technical Analysis 01-14-21๐
Ethereum Technical Analysis 01-15-21๐
Ethereum Technical Analysis 01-16-21๐
Ethereum Technical Analysis 01-17-21๐
Ethereum Technical Analysis 01-18-21๐
Ethereum Technical Analysis 01-19-21๐
Ethereum Technical Analysis 01-20-21๐
Ethereum Technical Analysis 01-21-21๐
Ethereum Technical Analysis 01-22-21๐
Ethereum Technical Analysis 01-23-21๐
Ethereum Technical Analysis 01-24-21๐
Ethereum Technical Analysis 01-25-21๐
Ethereum Technical Analysis 01-26-21๐
Ethereum Technical Analysis 01-27-21๐
Ethereum Technical Analysis 01-28-21๐
Ethereum Technical Analysis 01-29-21๐
Ethereum Technical Analysis 01-30-21๐
Ethereum Technical Analysis 01-31-21๐
Ethereum Technical Analysis 02-01-21๐
Ethereum Technical Analysis 02-02-21๐
Ethereum Technical Analysis 02-03-21๐
Ethereum Technical Analysis 02-04-21๐
Ethereum Technical Analysis 02-05-21๐
Ethereum Technical Analysis 02-07-21๐
Ethereum Technical Analysis 02-08-21๐
Ethereum Technical Analysis 02-09-21๐
Ethereum Technical Analysis 02-10-21๐
Ethereum Technical Analysis 02-11-21๐
Ethereum Technical Analysis 02-12-21๐
Ethereum Technical Analysis 02-13-21๐
Ethereum Technical Analysis 02-14-21๐
Ethereum Technical Analysis 02-15-21๐
Ethereum Technical Analysis 02-16-21๐
Ethereum Technical Analysis 02-17-21๐
Ethereum Technical Analysis 02-18-21๐
Ethereum Technical Analysis 02-19-21๐
Ethereum Technical Analysis 02-20-21๐
Ethereum Technical Analysis 02-21-21๐
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21๐
Doge Analysis 01-01-21๐
Doge Analysis 01-02-21๐
Doge Analysis 01-11-21๐
Doge Analysis 01-28-21๐
Doge Analysis 02-04-21๐
Doge Analysis 02-07-21๐
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21๐ฅ๐ฅ
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21๐ฅ๐ฅ
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21๐ฅ๐ฅ
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21๐ฅ๐ฅ
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21๐ฅ๐ฅ
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Risk forecast guideline:
Risk Averse means you can use as defense ๐ก๏ธ
Risk Seeking means you can use as offense โ๏ธ
Risk Neutral means no decision made and continue seeking opportunities ๐๏ธ
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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.