Ethereum Technical Analysis 04-11-21

By xuanling11 | Crypto Learning | 12 Apr 2021

Technical Analysis

Ethereum opens at $2.1K and goes flat around to $2.0K and stable around $2.1K. The average transaction fee is $12.94 which is 16.84% decrease from 04-10-21. 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.Β 

It is slowly grind up and toward $2.2K after reach $2.1K at all time high and short term correction may come since its valuation is high in my opinion. The valuation is around $1.5K.Β You can reference my method here. Gas fee is high as usual.

Ethereum decreases its correlation with Stock indicates that it becomes aΒ neutral position πŸ‘οΈ. 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.

Here are some highlights to support my analysis:


Current News Summary:


Most Bullish News πŸ“ˆ

Ethereum gas fees may decline

It indicates that Ethereum may continue raising with more users

Most Bearish News πŸ“‰

On chain metrics of Ethereum is unsustainable

It indicates that Ethereum may face correction due to regulation


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!


Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ⬇️⬇️:
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You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
πŸ’ͺπŸ’ͺ January 2021 Technical Analysis Summary πŸš€πŸš€
πŸ’ͺπŸ’ͺ February 2021 Technical Analysis Summary πŸš€πŸš€
You can reference my previous daily Bitcoin analysis here ⬇️⬇️:
Bitcoin Technical Analysis 03-01-21πŸ“ˆ
Bitcoin Technical Analysis 03-02-21πŸ“ˆ
Bitcoin Technical Analysis 03-03-21πŸ“‰
Bitcoin Technical Analysis 03-04-21πŸ“ˆ
Bitcoin Technical Analysis 03-05-21πŸ“‰
Bitcoin Technical Analysis 03-06-21πŸ“ˆ
Bitcoin Technical Analysis 03-07-21πŸ“ˆ
Bitcoin Technical Analysis 03-08-21πŸ“ˆ
Bitcoin Technical Analysis 03-09-21πŸ“ˆ
Bitcoin Technical Analysis 03-10-21πŸ“ˆ
Bitcoin Technical Analysis 03-11-21πŸ“ˆ
Bitcoin Technical Analysis 03-12-21πŸ“ˆ
Bitcoin Technical Analysis 03-13-21πŸ“ˆ
Bitcoin Technical Analysis 03-14-21πŸ“‰
Bitcoin Technical Analysis 03-15-21πŸ“‰
Bitcoin Technical Analysis 03-16-21πŸ“ˆ
Bitcoin Technical Analysis 03-17-21πŸ“ˆ
Bitcoin Technical Analysis 03-18-21πŸ“‰
Bitcoin Technical Analysis 03-19-21πŸ“ˆ
Bitcoin Technical Analysis 03-20-21πŸ“‰
Bitcoin Technical Analysis 03-21-21πŸ“‰
Bitcoin Technical Analysis 03-22-21πŸ“‰
Bitcoin Technical Analysis 03-23-21πŸ“‰
Bitcoin Technical Analysis 03-24-21πŸ“‰
Bitcoin Technical Analysis 03-25-21πŸ“ˆ
Bitcoin Technical Analysis 03-26-21πŸ“ˆ
Bitcoin Technical Analysis 03-27-21πŸ“ˆ
Bitcoin Technical Analysis 03-28-21πŸ“ˆ
Bitcoin Technical Analysis 03-29-21πŸ“ˆ
Bitcoin Technical Analysis 03-30-21πŸ“ˆ
Bitcoin Technical Analysis 03-31-21πŸ“ˆ
Bitcoin Technical Analysis 04-01-21πŸ“‰
Bitcoin Technical Analysis 04-02-21πŸ“‰
Bitcoin Technical Analysis 04-03-21πŸ“‰
Bitcoin Technical Analysis 04-04-21πŸ“‰
Bitcoin Technical Analysis 04-05-21πŸ“‰
Bitcoin Technical Analysis 04-06-21πŸ“‰
Bitcoin Technical Analysis 04-07-21πŸ“ˆ
Bitcoin Technical Analysis 04-08-21πŸ“ˆ
Bitcoin Technical Analysis 04-09-21πŸ“ˆ
Bitcoin Technical Analysis 04-10-21πŸ“‰
You can reference my Bitcoin methodology here and here.
You can reference my previous daily Ethereum analysis here ⬇️⬇️:
Ethereum Technical Analysis 03-01-21πŸ“ˆ
Ethereum Technical Analysis 03-02-21πŸ“ˆ
Ethereum Technical Analysis 03-03-21πŸ“‰
Ethereum Technical Analysis 03-04-21πŸ“ˆ
Ethereum Technical Analysis 03-05-21πŸ“‰
Ethereum Technical Analysis 03-06-21πŸ“ˆ
Ethereum Technical Analysis 03-07-21πŸ“ˆ
Ethereum Technical Analysis 03-08-21πŸ“ˆ
Ethereum Technical Analysis 03-09-21πŸ“ˆ
Ethereum Technical Analysis 03-10-21πŸ“‰
Ethereum Technical Analysis 03-11-21πŸ“ˆ
Ethereum Technical Analysis 03-12-21πŸ“ˆ
Ethereum Technical Analysis 03-13-21πŸ“ˆ
Ethereum Technical Analysis 03-14-21πŸ“‰
Ethereum Technical Analysis 03-15-21πŸ“‰
Ethereum Technical Analysis 03-16-21πŸ“ˆ
Ethereum Technical Analysis 03-17-21πŸ“ˆ
Ethereum Technical Analysis 03-18-21πŸ“‰
Ethereum Technical Analysis 03-19-21πŸ“ˆ
Ethereum Technical Analysis 03-20-21πŸ“‰
Ethereum Technical Analysis 03-21-21πŸ“‰
Ethereum Technical Analysis 03-22-21πŸ“‰
Ethereum Technical Analysis 03-23-21πŸ“‰
Ethereum Technical Analysis 03-24-21πŸ“‰
Ethereum Technical Analysis 03-25-21πŸ“ˆ
Ethereum Technical Analysis 03-26-21πŸ“ˆ
Ethereum Technical Analysis 03-27-21πŸ“ˆ
Ethereum Technical Analysis 03-28-21πŸ“ˆ
Ethereum Technical Analysis 03-29-21πŸ“ˆ
Ethereum Technical Analysis 03-30-21πŸ“ˆ
Ethereum Technical Analysis 03-31-21πŸ“ˆ
Ethereum Technical Analysis 04-01-21πŸ“ˆ
Ethereum Technical Analysis 04-02-21πŸ“ˆ
Ethereum Technical Analysis 04-03-21πŸ“‰
Ethereum Technical Analysis 04-04-21πŸ“‰
Ethereum Technical Analysis 04-05-21πŸ“‰
Ethereum Technical Analysis 04-06-21πŸ“‰
Ethereum Technical Analysis 04-07-21πŸ“ˆ
Ethereum Technical Analysis 04-08-21πŸ“ˆ
Ethereum Technical Analysis 04-09-21πŸ“ˆ
Ethereum Technical Analysis 04-10-21πŸ“‰
You can reference my previous daily 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
You can reference my previous weekly Cryptomarket forecast analysis here ⬇️⬇️:
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”₯
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21πŸ”₯πŸ”₯
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
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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