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! https://www.publish0x.com/bitcoin-price-drop-what-just-happened/where-is-bitcoin-heading-in-2021-and-beyond-part-2-xxwwzol
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**.
No comments yet