Technical Analysis
Ethereum opens at $1.8K and goes up around to $1.7K and stable around $1.8K. The average transaction fee is $15.40 which is 4.23% decrease from 03-10-21. 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. The market requires a healthy correction. The gas fee is fairly reasonable!Ethereum's correlation with Stock indicates that it's becoming 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!
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Even so, it remained relatively stable. Seeking refers to the act of seeking danger.
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Ideally, the fee must be below $10 and gradually rise to $2K per month.
My analysis yesterday indicates that Ethereum is strongly supported at around $1,3K.
Valuation is estimated to be around $1500.
For the market to stay healthy, a correction is needed.
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The price may drop toward mid-level in the coming day.
Even so, it remained relatively stable. Averse means you can use as defense ???
Even so, it remained relatively stable. Seeking means you can use as offense ??
Even so, it remained relatively stable. Neutral means no decision made and continue seeking opportunities ???
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It implies that Ethereum may face a correction because of high gas fees. A brief summary of general economic and market forecasts and any suggestions you may have, please let me know! You can check out my previous Bitcoin and Ethereum analysis here ???? Cross-references of this article can be found on multiple platforms. Here are links to what you need to know ???? This information is only for educational purposes.