Ethereum Technical Analysis 04-17-21

By xuanling11 | Crypto Learning | 18 Apr 2021


 

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:

2fddf72529a58453257b88fbc4ee35df4bb2d0df8dc8dbe84db1a2626166b2e8.png

Current News Summary:

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

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

-------------------------------------------------------------------------------------

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

Thanks for reading and see you tomorrow!

b318bdad571e4de7cfc20ee27ba4f1c718de9a3e8c1218637d9ed2a3121ad50b.png

------------------------------------------------------------------------------------
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 👋.
------------------------------------------------------------------------------------
You can follow me here ⬇️⬇️:
📩 Publish0x and join here 💡
📩 Floyx
📩 Hive Blog
📩 Trybe and join here 💡
📩 Steemit
📩 Read.cash
📩 Noise.cash
📩 Leo Finance
📩 Torum clan and join here 💡
📩 Uptrennd
📩 Markethive
📩 Den
📩 Lbry.tv
📩 Sense Chat Channel and join here 💡
📩 Minds and join here 💡
-------------------------------------------------------------------------------------
💰💰 Free coin from faucets or passive income that test to work 💰💰:
💸💸 Get your free 🐶🐶 Dogecoin 🐶🐶 here 💵 and here 💵
💸💸 Get your free Litecoin here 💵
💸💸 Get your free Zcash here 💵
💸💸 Get your free DATAcoin here 💵
-------------------------------------------------------------------------------------
Passive income invitation ⬇️⬇️:
💸 Honeygain
💸 PacketStream
💸 Presearch and code 💡
💸 Swash Coin
💸 Pipeflare
💸 CyberFM and code 💡 INkBK6PY68vXzz12072 
Check here for details
-------------------------------------------------------------------------------------
Mobile mining ⬇️⬇️:
📲 Pi Coin
📲 Bee Coin
📲 Midoin
📲 Initiative Q
All invitation code to use: xuanling11
Check here for details
-------------------------------------------------------------------------------------
You can reference my previous monthly Bitcoin and Ethereum analysis here ⬇️⬇️:
💪💪 January 2021 Technical Analysis Summary 🚀🚀
💪💪 February 2021 Technical Analysis Summary 🚀🚀
-------------------------------------------------------------------------------------
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.
-------------------------------------------------------------------------------------
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📉
-------------------------------------------------------------------------------------
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📈
-------------------------------------------------------------------------------------
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🔥🔥
-------------------------------------------------------------------------------------
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 👁️
-------------------------------------------------------------------------------------
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.

How do you rate this article?

10


xuanling11
xuanling11

Check out https://www.xuanling11.com/.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.