Ethereum Technical Analysis 03-07-21

Technical Analysis

Ethereum opens at $1.6K and goes flat around to $1.6K and stable around $1.6K. The average transaction fee is $11.22 which is 0% increase from 03-06-21. 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 $1.5K. You can reference my method here. Market correction is needed. The gas fee is not excessive! It is clear that Ethereum increases its correlation with the Stock market, making this a neutral position ???

Ethereum increases its correlation with Stock 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. However, its sentiment has changed and risk is magnified!

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!

Below are my general predictions for this week's economy and stock market: Also, if you have any suggestions of your own, please don't hesitate to let me know!How do I sign up for How's Honeygain been doing lately?

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You can reference my previous daily Ethereum analysis here ????:
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What's going on with Crytomarket this week?
A A healthy correction is needed for the market. Averse approach leads to a better feeling of protection.
Are you saying that you are looking for a risk you can take as an offense?
Neutral in risk means you are not committing and continue seeking opportunities.
In fact, ?? 
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You can reference my previous weekly Cryptomarket forecast analysis here ????:
The price of Ether opens at $1.6K and goes flat to $1.6K as it stabilizes around $1.6K.
A transaction fee of $11.22 is being charged on average, which is no change from 03-06-21.
Ideally, a gas fee should fall under $10 and then begin to rise toward $2K.
As my analysis yesterday indicated, Ethereum's support is around $1.3k.
After reaching $2,000 and nearing $2.1K levels, a short-term correction is kind of expected since its valuation seems high.
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????
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Here is my method.
A healthy correction is needed for the market. Averse means you can use as defense ???
A healthy correction is needed for the market. Seeking means you can use as offense ??
A healthy correction is needed for the market. Neutral means no decision made and continue seeking opportunities ???
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However, it remained comparatively stable. ??  I am not receiving compensation for it. The cryptocurrency got Chinese investors It suggests Ethereum will continue to increase with improved performance.The most negative news ?? This information is only for educational purposes.