Technical Analysis
Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.7K. The average transaction fee is $21.07 which is 20.13% increase from 02-15-21.
Ethereum is strong support at around $1.3K as my analysis yesterday.
It is slowly grind up and toward $1.9K and short term correction may come.
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.
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 grinding higher while minor correction may happen.
Here are some highlights to support my analysis:
Here is the road map for today:
Most Bullish News 📈
Ethereum future has large volume
It indicates that Ethereum is gaining institutional supports.
Most Bearish News 📉
Binance Smart Chain over flipped Ethereum
It indicates that Ethereum continue stabling and faces more competition in the future.
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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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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 opinions. I am not receiving compenResources
Thanks all for your supports!