Technical Analysis

Ethereum opens at $2.4K and goes up around to $2.5K and stable around $2.4K. The average transaction fee is $24.40 which is 47.08% increase from 04-16-21. Ideally, gas fee should below $10 and build up for another raise toward $2.7K.

Ethereum is strong support at around $1.7K as my analysis yesterday. 

It is slowly grind up and toward $2.3K after reach $2.5K at all time high 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. Gas fee is high as usual.

Ethereum decreases 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 raise my floor price to $1.5k indicates the strong support and raise the ceiling price at $2.5k.

As today, Ethereum Value = $1.5k ~ $2.5k and my position is Long.

Here are some highlights to support my analysis:

Current News Summary:

Most Bullish News 📈

Mark Cuabn NFT continue gaining popular

It indicates that Ethereum may continue raising with more users

Most Bearish News 📉

Gas fees shoot up

It indicates that Ethereum may face correction due to high transaction fees

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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 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📈
Bitcoin Technical Analysis 03-27-21📈
Bitcoin Technical Analysis 03-28-21📈
Bitcoin Technical Analysis 03-29-21📈
Bitcoin Technical Analysis 03-30-21📈
Bitcoin Technical Analysis 03-31-21📈
Bitcoin Technical Analysis 04-01-21📉
Bitcoin Technical Analysis 04-02-21📉
Bitcoin Technical Analysis 04-03-21📉
Bitcoin Technical Analysis 04-04-21📉
Bitcoin Technical Analysis 04-05-21📉
Bitcoin Technical Analysis 04-06-21📉
Bitcoin Technical Analysis 04-07-21📈
Bitcoin Technical Analysis 04-08-21📈
Bitcoin Technical Analysis 04-09-21📈
Bitcoin Technical Analysis 04-10-21📉
Bitcoin Technical Analysis 04-11-21📈
Bitcoin Technical Analysis 04-12-21📈
Bitcoin Technical Analysis 04-13-21📈
Bitcoin Technical Analysis 04-14-21📉
Bitcoin Technical Analysis 04-15-21📉
Bitcoin Technical Analysis 04-16-21📉
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📈
Ethereum Technical Analysis 03-27-21📈
Ethereum Technical Analysis 03-28-21📈
Ethereum Technical Analysis 03-29-21📈
Ethereum Technical Analysis 03-30-21📈
Ethereum Technical Analysis 03-31-21📈
Ethereum Technical Analysis 04-01-21📈
Ethereum Technical Analysis 04-02-21📈
Ethereum Technical Analysis 04-03-21📉
Ethereum Technical Analysis 04-04-21📉
Ethereum Technical Analysis 04-05-21📉
Ethereum Technical Analysis 04-06-21📉
Ethereum Technical Analysis 04-07-21📈
Ethereum Technical Analysis 04-08-21📈
Ethereum Technical Analysis 04-09-21📈
Ethereum Technical Analysis 04-10-21📉
Ethereum Technical Analysis 04-11-21📈
Ethereum Technical Analysis 04-12-21📈
Ethereum Technical Analysis 04-13-21📈
Ethereum Technical Analysis 04-14-21📈
Ethereum Technical Analysis 04-15-21📉
Ethereum Technical Analysis 04-16-21📉
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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🔥🔥
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21🔥🔥
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21🔥🔥
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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.