Technical Analysis
Ethereum opens at $2.7K and goes down around to $2.7K and stable around $3.0K. The average transaction fee is $10.14 which is 1.20% increase from 05-01-21. Ideally, gas fee should below $10 and build up for another raise toward $3.0K since it has reached my target at $2.9K.
Ethereum is strong support at around $1.7K as my analysis yesterday.
It is slowly grind up and toward $3.0K after reach $2.9K 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 back to normal.
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 📈
Institutional investors buy Ethereum crazy
It indicates that Ethereum may continue raising with more users
Most Bearish News 📉
It indicates that Ethereum may face correction due to competition
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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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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 ⬇️⬇️:
Note:some links refer at the beginning of next month that include all previous month links of reports
💪💪 January 2021 Technical Analysis Summary 🚀🚀
💪💪 February 2021 Technical Analysis Summary 🚀🚀
💪💪 March 2021 Technical Analysis Summary 🚀🚀
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You can reference my previous daily Bitcoin analysis here ⬇️⬇️:
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📉
Bitcoin Technical Analysis 04-17-21📉
Bitcoin Technical Analysis 04-18-21📉
Bitcoin Technical Analysis 04-19-21📉
Bitcoin Technical Analysis 04-20-21📉
Bitcoin Technical Analysis 04-21-21📉
Bitcoin Technical Analysis 04-22-21📉
Bitcoin Technical Analysis 04-23-21📉
Bitcoin Technical Analysis 04-24-21📉
Bitcoin Technical Analysis 04-25-21📈
Bitcoin Technical Analysis 04-26-21📈
Bitcoin Technical Analysis 04-27-21📈
Bitcoin Technical Analysis 04-28-21📉
Bitcoin Technical Analysis 04-29-21📈
Bitcoin Technical Analysis 04-30-21📈
Bitcoin Technical Analysis 05-01-21📉
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 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📉
Ethereum Technical Analysis 04-17-21📉
Ethereum Technical Analysis 04-18-21📈
Ethereum Technical Analysis 04-19-21📈
Ethereum Technical Analysis 04-20-21📈
Ethereum Technical Analysis 04-21-21📈
Ethereum Technical Analysis 04-22-21📉
Ethereum Technical Analysis 04-23-21📉
Ethereum Technical Analysis 04-24-21📉
Ethereum Technical Analysis 04-25-21📈
Ethereum Technical Analysis 04-26-21📈
Ethereum Technical Analysis 04-27-21📈
Ethereum Technical Analysis 04-28-21📈
Ethereum Technical Analysis 04-29-21📉
Ethereum Technical Analysis 04-30-21📉
Ethereum Technical Analysis 05-01-21📈
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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.
