Ethereum Technical Analysis 02-23-21

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 valuation is around $1.49K. You can reference my method here. Healthy correction is needed for the market. Gas fee is extremely expensive!

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. However, it was relatively stable.