Technical Analysis
Ethereum opens at $1.6K and goes down around to $1.5K and stable around $1.7K. The average transaction fee is $15.16 which is 8.87% decrease from 03-26-21. Ideally, gas fee should below $10 and build up for another raise toward $2K.
Ethereum is strong support at around $1.5K as my analysis yesterday.
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. The valuation is around $1.5K. You can reference my method here. Healthy correction is needed for the market.
Ethereum increases its correlation with Gold indicates that it becomes a neutral position 👁️. The price may fluctuate less in the coming day with price toward mid-level.
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 back to $1.5K with reasonable gas fees!
Here are some highlights to support my analysis:
Here is the road map for today:
Most Bullish News 📈
Ethereum killers are lack of influential powers
It indicates that Ethereum may continue raising with lower gas fees
Most Bearish News 📉
Ethereum NFT competitions increase
It indicates that Ethereum may face correction due to uncertainty
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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!
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Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ⬇️⬇️:
Should you have any questions or concerns, please reach out to me 👋.
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You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
💪💪 January 2021 Technical Analysis Summary 🚀🚀
💪💪 February 2021 Technical Analysis Summary 🚀🚀
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You can reference my previous daily Bitcoin analysis here ⬇️⬇️:
Bitcoin Technical Analysis 03-01-21📈
Bitcoin Technical Analysis 03-02-21📈
Bitcoin Technical Analysis 03-03-21📉
Bitcoin Technical Analysis 03-04-21📈
Bitcoin Technical Analysis 03-05-21📉
Bitcoin Technical Analysis 03-06-21📈
Bitcoin Technical Analysis 03-07-21📈
Bitcoin Technical Analysis 03-08-21📈
Bitcoin Technical Analysis 03-09-21📈
Bitcoin Technical Analysis 03-10-21📈
Bitcoin Technical Analysis 03-11-21📈
Bitcoin Technical Analysis 03-12-21📈
Bitcoin Technical Analysis 03-13-21📈
Bitcoin Technical Analysis 03-14-21📉
Bitcoin Technical Analysis 03-15-21📉
Bitcoin Technical Analysis 03-16-21📈
Bitcoin Technical Analysis 03-17-21📈
Bitcoin Technical Analysis 03-18-21📉
Bitcoin Technical Analysis 03-19-21📈
Bitcoin Technical Analysis 03-20-21📉
Bitcoin Technical Analysis 03-21-21📉
Bitcoin Technical Analysis 03-22-21📉
Bitcoin Technical Analysis 03-23-21📉
Bitcoin Technical Analysis 03-24-21📉
Bitcoin Technical Analysis 03-25-21📈
Bitcoin Technical Analysis 03-26-21📈
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here ⬇️⬇️:
Ethereum Technical Analysis 03-01-21📈
Ethereum Technical Analysis 03-02-21📈
Ethereum Technical Analysis 03-03-21📉
Ethereum Technical Analysis 03-04-21📈
Ethereum Technical Analysis 03-05-21📉
Ethereum Technical Analysis 03-06-21📈
Ethereum Technical Analysis 03-07-21📈
Ethereum Technical Analysis 03-08-21📈
Ethereum Technical Analysis 03-09-21📈
Ethereum Technical Analysis 03-10-21📉
Ethereum Technical Analysis 03-11-21📈
Ethereum Technical Analysis 03-12-21📈
Ethereum Technical Analysis 03-13-21📈
Ethereum Technical Analysis 03-14-21📉
Ethereum Technical Analysis 03-15-21📉
Ethereum Technical Analysis 03-16-21📈
Ethereum Technical Analysis 03-17-21📈
Ethereum Technical Analysis 03-18-21📉
Ethereum Technical Analysis 03-19-21📈
Ethereum Technical Analysis 03-20-21📉
Ethereum Technical Analysis 03-21-21📉
Ethereum Technical Analysis 03-22-21📉
Ethereum Technical Analysis 03-23-21📉
Ethereum Technical Analysis 03-24-21📉
Ethereum Technical Analysis 03-25-21📈
Ethereum Technical Analysis 03-26-21📈
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You can reference my previous daily 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📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
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You can reference my previous weekly Cryptomarket forecast analysis here ⬇️⬇️:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21🔥🔥
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21🔥🔥
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21🔥🔥
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21🔥🔥
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21🔥🔥
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Risk forecast guideline:
Risk Averse means you can use as defense 🛡️
Risk Seeking means you can use 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.
