Ethereum Technical Analysis 03-02-21

Ethereum Technical Analysis 03-02-21
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Technical Analysis

Ethereum opens at $1.5K and goes flat around to $1.4K and stable around $1.6K. The average transaction fee is $12.22 which is 5.53% increase from 03-01-21. Ideally, gas fee should below $10 and build up for another raise toward $2K.

Ethereum is strong support at around $1.3K as my analysis yesterday

It is slowly grind up and toward $2.1K after reach $2K and short term correction may come since its valuation is high in my opinion. The valuation is around $1.32K. You can reference my method here. The market needs to undergo a healthy correction. It is so expensive to buy gas!

Ethereum decreases its correlation with Dollar indicates that it becomes a neutral position ???. The price may fluctuate less in the coming day with price toward mid-level. However, it was relatively stable.

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.

Ethereum price is continuing stable and back to $1.5K with reasonable gas fees!

This is a video that supports my analysis:

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Today's road map:

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How do you feel about all this?

Purchasing household products using cryptocurrency

It indicates Ethereum could keep growing by increasing the number of users.

A lot of bearish news ?

Ethereum creator becomes more legendary in China

It indicates that Ethereum may face correction with over value of its status.

In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

Here are summary of general forecast of this week of economy and market:

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You are welcome to share any ideas with me!

I appreciate your reading this blog and hope to see you again tomorrow!

 

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In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

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In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

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In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

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In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

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In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

There is a risk forecasting guideline:

There is a risk Averse means you can use as defense ???

There is a risk Seeking means you can use as offense ??

There is a risk Neutral means no decision made and continue seeking opportunities ???

In order to identify cultural differences, international scholars have proposed the following two approaches to the study of society in general.

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