Ethereum Technical Analysis 03-12-21

Since Ehthereum changes its risk, the correction likely to continue. On the other hand, miners are unhappy about the change of protocol Ehthereum proposed.

Ethereum increases its correlation with Stock indicates that it becomes a neutral position 👁️ The price may fluctuate more in the coming day with price toward mid-level.

Most Bullish News 📈

Ethereum edges higher

It indicates that Ethereum may continue raising with expansion of users

Most Bearish News 📉

Ethereum miners continue rumbilings

It indicates that Ethereum may face correction with high gas fees.

Resources

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

2. https://decrypt.co/61093/ethereum-just-edged-closer-to-proof-of-stake-via-beacon-chain

3. https://cointelegraph.com/news/eth2-transition-accelerates-amid-rumblings-of-a-miner-rebellion