@xuanling11 17 February 2021 more from that month

Ethereum Technical Analysis 02-16-21

**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. https://www.publish0x.com/bitcoin-price-drop-what-just-happened/ethereum-technical-analysis-02-15-21-xzwpppd Ethereum is strong support at around **$1.3K** as my analysis yesterday.  https://www.publish0x.com/bitcoin-price-drop-what-just-happened/ethereum-technical-analysis-02-15-21-xzwpppd 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 https://www.newsbtc.com/analysis/eth/ethereum-debuts-on-cme-to-55m-in-futures-open-interest/ It indicates that Ethereum is gaining institutional supports. ****Most Bearish News 📉**** Binance Smart Chain over flipped Ethereum https://en.ethereumworldnews.com/binance-smart-chains-daily-transactions-count-exceeds-ethereums/ It indicates that Ethereum continue stabling and faces more competition in the future. ------------------------------------------------------------------------------------- Here are **summary** of general forecast of this week of economy and market:

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