Ethereum Technical Analysis 03-16-21

Technical Analysis

Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.7K. The average transaction fee is $20.42 which is 16.75% increase from 03-15-21. Ideally, gas fee should below $10 and build up for another raise toward $2K.

Ethereum is strong support at around $1.5K 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. Ethereum dropped its correlation with the stock market, which indicates that its position has become neutral.

Ethereum decreases 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 back to normal!

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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It indicates that Ethereum may face correction due to high transaction fees

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???? The thing with risk seeking is that you use it as a form of offense ?? The market requires a healthy correction. Neutral means no decisions are made and opportunities should be sought? Yet now risk has returned to normal! This article is an original work that is solely the opinion of the author. and Yet now risk has returned to normal! This article is an original work that is solely the opinion of the author.
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We provide this information only as a learning tool.
As you know, .
ETH opens at $1.8K and goes down to around $1.7K before stabilizing at around $1.7K.
An average transaction fee of $20.42 is a 16.75% increase from 03-15-21.
The ideal gasoline fee is under $10. It can then keep rising for a raise towards $2K.
In my analysis yesterday, Ethereum is strong at around $1,500.
My estimate is that it may revert to $2K after it reaches $2K, but a short-term correction may occur since its valuation is high.
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21????
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My method is here.
The market requires a healthy correction. Averse means you can use as defense ???
The market requires a healthy correction. Seeking means you can use as offense ??
The market requires a healthy correction. Neutral means no decision made and continue seeking opportunities ???
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Yet now risk has returned to normal! Today, the Ethereum Value equals $1.3k and $1.7k, and my position is Long.Ethereum price is continuing to rise, and back to $1.5K with reasonable gas fees. Below are some highlights to support my analysis: Is this right? Most bullish news? The NFT market continues to grow, which indicates that Ethereum will continue to rise as its users increaseIs this what you mean by :?? This information is only for educational purposes.