BlocksInform
Technical Analysis
Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.8K. The average transaction fee is $16.69 which is 24.43% increase from 03-29-21. 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. The market is due for a healthy correction. The correlation between Ethereum and Gold indicates it will move into a neutral position soon.
Ethereum increases its correlation with Gold indicates that it becomes a neutral position ???. The price may fluctuate less in the coming day with price toward mid-level.
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!
Nota bene: Cross-references of this article have been generated by the author and have been cross-referenced on multiple platforms.
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There is a 24.43% increase in the average transaction fee from 03-29-21 to $16.69.
As far as possible, the gas fee should be under $10, and it should continue to rise until it reaches $2,000. Averse means you can use as defense ???
As far as possible, the gas fee should be under $10, and it should continue to rise until it reaches $2,000. Seeking means you can use as offense ??
As far as possible, the gas fee should be under $10, and it should continue to rise until it reaches $2,000. Neutral means no decision made and continue seeking opportunities ???
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You can refer to my method here. A healthy correction is essential, because ether is correlated with Gold, which indicates that it has become a neutral position. This sentence is one in a series. With price toward mid-level, price may fluctuate less the next day. This information is only for educational purposes.
