Ethereum Technical Analysis 04-02-21

Technical Analysis

Ethereum opens at $1.9K and goes down around to $1.8K and stable around $2.1K. The average transaction fee is $22.39 which is 5.98% decrease from 04-01-21. 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 $2.2K after reach $2.1K at all time high 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 coin decreases its correlation with the US Dollar, indicating that it is no longer a negative position.

Ethereum decreases its correlation with Dollar 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.

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A cross-reference of this article has been created by the author and has appeared across multiple platforms. Summary:

Most Bullish News ??

Mark Cuban believed in Ethereum

It indicates that Ethereum may continue raising with lower gas fees

The following sentence is in the form of the following sentence.

Chainlink challenges Ethereum

It indicates that Ethereum may face correction due to regulation

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

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Ideally, the gas fee should be $10 or less and then go upwards toward $2,000. forecast is a guideline you can use as a defense when planning your venture.
You can use the risk taking as an offense ?
The risk neutral option means that no decisions were made and that opportunities were continue seeking ???
My method can be found here. The opinions expressed in this piece are my own.
I do not receive compensation for it.
I do not have any business ties with any company that makes use of cryptocurrencies mentioned in this article.
These materials are for educational purposes only.
As a result, .
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21????
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Transaction fees decreased by 5.98% from 04-01-21 to $22.39 on average.
Ideally, the gas fee should be $10 or less and then go upwards toward $2,000. Averse means you can use as defense ???
Ideally, the gas fee should be $10 or less and then go upwards toward $2,000. Seeking means you can use as offense ??
Ideally, the gas fee should be $10 or less and then go upwards toward $2,000. Neutral means no decision made and continue seeking opportunities ???
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My method can be found here. The market needs a healthy correction, and Ethereum is becoming more and more correlated with the USD, which indicates that it becomes a neutral position? This sentence will serve as a reference for . The price may fluctuate less in the next day with the price adjusting to a mid-level. This information is only for educational purposes.