Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
1. Top 3 Good News for ETH HODLERS !!!
- Visa Picks Ethereum Over Facebook Libra to Settle Payments; ETH/USD Up
Statistic as of 1 Apr 2021 12:08PM EDT: 62 positive votes, 2 negative votes - PayPal Rolls Out Bitcoin, Ethereum, Litecoin and Bitcoin Cash Payments
Statistic as of 1 Apr 2021 12:08PM EDT: 57 positive votes, 0 negative votes - Aave Will Build on Polygon’s Scalable Layer 2 Platform
Statistic as of 1 Apr 2021 12:08PM EDT: 26 positive votes, 1 negative votes
2. Top 3 Bad News for ETH HODLERS !!!
- EIP-1559 Might Not Lower the High Ethereum Transaction Fees: Report
Statistic as of 1 Apr 2021 12:09PM EDT: 8 positive votes, 45 negative votes - Public Mainnet Launch For Ethereum Scaling Solution Delayed Until July
Statistic as of 1 Apr 2021 12:09PM EDT: 11 positive votes, 45 negative votes - Ethereum's high gas fee crisis won't be solved by EIP-1559: Coin Metrics report
Statistic as of 1 Apr 2021 12:09PM EDT: 7 positive votes, 40 negative votes
Ethereum is facing challenges on its scalability and high transaction cost issue. If Ethereum community could not find a way to address this problem as soon as possible, it risks being deteriorated by Binance and Cardano which tends to offer better scalability and faster transactions with low fees.
3. How Ethereum Performs Relative to Other Cryptos ?
As of 1 April 2021, Ethereum has made a cumulative return of 1475.09% since Jan 2020 and 264.64% since Jan 2021. It is currently the 6th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.
4. Technical Analysis on Ethereum
4.1. Volume Weighted Average Price (VWAP)
4.2. Moving Average Convergence Divergence (MACD)
4.3. Bollinger Band
4.4. Relative Strength Index (RSI)
Based on the technical analysis presented above, quantdoge thinks that there is a possibility for ETH to pullback in the near term, but I could be wrong, hence, please make careful due diligence before making any decision.
5. Ethereum Risk Profile
Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Ethereum defined above, Ethereum is becoming riskier on 1 Apr 2021 as compared to 10 days before on 23 Mar 2021, with its worst pullback being recorded at 21.47% on a single day during the last 100 days.
If you are into Stellar Lumen (XLM) and Chainlink (LINK), I have made a similar analysis on them at:
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