Ethereum Technical Analysis 02-20-21

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 average transaction fee is $22.15 which is 3.31% increase from 02-19-21.

Ethereum is fairly stable and it will continue growth.

Most Bullish News 📈

Nvidia bets big on Ethereum mining

It indicates that Ethereum is gaining institutional supports.

Most Bearish News 📉

Elon Musk says Ethereum price seems high

It indicates that Ethereum continue stabling and faces correction in the future.

Resources

1. https://cryptoslate.com/nvidia-bets-big-on-ethereum-mining-with-new-dedicated-graphic-chip/

2. https://www.marketbeat.com/cryptocurrencies/ethereum/

3. https://chaintimes.com/elon-musk-says-the-price-of-bitcoin-and-ethereum-seem-high/