Ethereum Technical Analysis 02-22-21

By xuanling11 | Crypto Learning | 23 Feb 2021


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 ๐Ÿ‘๏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:

73c0f8b96b4b65a09185ea997f750749c4a575034c792fa3629962371868bcb1.pngc161391793fd1357e985f26a2a19341f28011b179602b482f2e511d99695f7fd.png53a1597bcc98c135e2d0e67ae5f1553d1e90bfdfa3f3fac12c3f42f7c7367f59.png

Here is the road map for today:

a2c79c6f6567997960ced0738194446cdae744823b42149a20111e797ad1ddd1.png

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News ๐Ÿ“ˆ

Ethereum flash crash and back to normal

It indicates that Ethereum may continue raising more.

Most Bearish News ๐Ÿ“‰

Ethereum gas fee is $30

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:
38c48507e0789b4b5185b14c0ab2a3b9b07cbf051811caa80b452f9b37885b98.png

2871df2b25ea13215f563dde5feb914cf2436dd26738326367c74146da797ef7.png

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

Thanks for reading and see you tomorrow!

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

ย 

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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-08-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-09-21๐Ÿ“‰
Bitcoin Technical Analysis 01-10-21๐Ÿ“‰
Bitcoin Technical Analysis 01-11-21๐Ÿ“‰
Bitcoin Technical Analysis 01-12-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-13-21๐Ÿ“‰
Bitcoin Technical Analysis 01-14-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-15-21๐Ÿ“‰
Bitcoin Technical Analysis 01-16-21๐Ÿ“‰
Bitcoin Technical Analysis 01-17-21๐Ÿ“‰
Bitcoin Technical Analysis 01-18-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-19-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-20-21๐Ÿ“‰
Bitcoin Technical Analysis 01-21-21๐Ÿ“‰
Bitcoin Technical Analysis 01-22-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-23-21๐Ÿ“‰
Bitcoin Technical Analysis 01-24-21๐Ÿ“‰
Bitcoin Technical Analysis 01-25-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-26-21๐Ÿ“‰
Bitcoin Technical Analysis 01-27-21๐Ÿ“‰
Bitcoin Technical Analysis 01-28-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-29-21๐Ÿ“ˆ
Bitcoin Technical Analysis 01-30-21๐Ÿ“‰
Bitcoin Technical Analysis 01-31-21๐Ÿ“‰
Bitcoin Technical Analysis 02-01-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-02-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-03-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-04-21๐Ÿ“‰
Bitcoin Technical Analysis 02-05-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-06-21๐Ÿ“‰
Bitcoin Technical Analysis 02-07-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-08-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-09-21๐Ÿ“‰
Bitcoin Technical Analysis 02-10-21๐Ÿ“‰
Bitcoin Technical Analysis 02-11-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-12-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-13-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-14-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-15-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-16-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-17-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-18-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-19-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-20-21๐Ÿ“ˆ
Bitcoin Technical Analysis 02-21-21๐Ÿ“‰
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-08-21๐Ÿ“‰
Ethereum Technical Analysis 01-09-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-10-21๐Ÿ“‰
Ethereum Technical Analysis 01-11-21๐Ÿ“‰
Ethereum Technical Analysis 01-12-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-13-21๐Ÿ“‰
Ethereum Technical Analysis 01-14-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-15-21๐Ÿ“‰
Ethereum Technical Analysis 01-16-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-17-21๐Ÿ“‰
Ethereum Technical Analysis 01-18-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-19-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-20-21๐Ÿ“‰
Ethereum Technical Analysis 01-21-21๐Ÿ“‰
Ethereum Technical Analysis 01-22-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-23-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-24-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-25-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-26-21๐Ÿ“‰
Ethereum Technical Analysis 01-27-21๐Ÿ“‰
Ethereum Technical Analysis 01-28-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-29-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-30-21๐Ÿ“ˆ
Ethereum Technical Analysis 01-31-21๐Ÿ“‰
Ethereum Technical Analysis 02-01-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-02-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-03-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-04-21๐Ÿ“‰
Ethereum Technical Analysis 02-05-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-07-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-08-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-09-21๐Ÿ“‰
Ethereum Technical Analysis 02-10-21๐Ÿ“‰
Ethereum Technical Analysis 02-11-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-12-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-13-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-14-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-15-21๐Ÿ“‰
Ethereum Technical Analysis 02-16-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-17-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-18-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-19-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-20-21๐Ÿ“ˆ
Ethereum Technical Analysis 02-21-21๐Ÿ“‰
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21๐Ÿ“ˆ
Doge Analysis 01-01-21๐Ÿ“ˆ
Doge Analysis 01-02-21๐Ÿ“ˆ
Doge Analysis 01-11-21๐Ÿ“‰
Doge Analysis 01-28-21๐Ÿ“ˆ
Doge Analysis 02-04-21๐Ÿ“ˆ
Doge Analysis 02-07-21๐Ÿ“ˆ
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21๐Ÿ”ฅ๐Ÿ”ฅ
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21๐Ÿ”ฅ๐Ÿ”ฅ
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Risk forecast guideline:
Risk Averse means you can use as defense ๐Ÿ›ก๏ธ
Risk Seeking means you can use as offense โš”๏ธ
Risk Neutral means no decision made and continue seeking opportunities ๐Ÿ‘๏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.

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xuanling11
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