Ethereum Technical Analysis 03-26-21

Technical Analysis

Ethereum opens at $1I A .6K and goes down around to $1I A .5K and stable around $1I A .5KIt is my hope that you enjoy the following passageI A .The average transaction fee is $17I A .13 which is 0I A .76% increase from 03-25-21It is my hope that you enjoy the following passageI A .Ideally, gas fee should below $10 and build up for another raise toward $2KI A .

Ethereum is strong support at around $1I A .5K as my analysis yesterdayI A . 

It is slowly grind up and toward $2I A .1K after reach $2K and short term correction may come since its valuation is high in my opinionIt is my hope that you enjoy the following passageI A .The valuation is around $1I A .5KI A . You can reference my method hereIt is my hope that you enjoy the following passageI A .Healthy correction is needed for the marketI A .

Ethereum increases its correlation with Gold indicates that it becomes a neutral position ???It is my hope that you enjoy the following passageI A .The price may fluctuate less in the coming day with price toward mid-levelI A .

I remain my floor price to $1I A .3k indicates the strong support and remain the ceiling price at $1I A .7kI A .

As today, Ethereum Value = $1I A .3k ~ $1I A .7k and my position is LongI A .

Ethereum price is continuing stable and back to $1I A .5K with reasonable gas fees!

Here are some highlights to support my analysis:

Here is the road map for today:

Most Bullish News ??

Ethereum may find its way out of high gas fees

It indicates that Ethereum may continue raising with lower gas fees

Most Bearish News ??

Ethereum scaling solution may delay

It indicates that Ethereum may face correction due to uncertainty

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

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

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Note: Cross-references of this article has created by author and has cross-referenced on multiple platformsIt is my hope that you enjoy the following passageI A .You can find links below ????:
Should you have any questions or concerns, please reach out to me ??I A .
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You can reference my previous monthly Bitcoin and Ethereum analysis here ????:
How can I help?January 2021 Technical Analysis Summary ????
How can I help?February 2021 Technical Analysis Summary ????
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You can reference my previous daily Bitcoin analysis here ????:
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You can reference my Bitcoin methodology here and hereI A .
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You can reference my previous daily Ethereum analysis here ????:
Ethereum Technical Analysis 03-01-21??
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You can reference my previous weekly Cryptomarket forecast analysis here ????:
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What is the cryptocurrency market doing this week?A .A .The following is a list of A .02-05-21 to 02-12-21????
Taking a look at the market at a glance and forecasting the next few weeks, what could it look like?
The analysis below shows the Crytomarket Weekly Overview and Forecast for the weeks of 2/19-21 to 2/21/21A .
???? Crytomarket Weekly Overview and Forecast for the week of February 26th through March 5th????
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The market is expected to give an update on the situation from 03-12-21 to 03-19-21????
Crytomarket Weekly Forecast and Overview 03-26-21 is not complete?
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Risk forecast guideline:
Risk Averse means you can use as defense ???
Risk Seeking means you can use as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
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Disclosure: I wrote this article myself, and it expresses my own opinionsIt is my hope that you enjoy the following passageI A .I am not receiving compensation for itIt is my hope that you enjoy the following passageI A .I have no business relationship with any company whose cryptocurrencies are mentioned in this articleIt is my hope that you enjoy the following passageI A .This information is only for educational purposesI A .