Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.7K. The average transaction fee is $19.68 which is 6.60% decrease from 02-16-21.
Ethereum is strong support at around $1.3K as my analysis yesterday.
It is slowly grind up and toward $1.9K and short term correction may come.
Ethereum increases its correlation with Stock indicates that it becomes a defense 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 will have minor correction coming.
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@xuanling11
posted
3 years ago
Check out detail here https://read.cash/@xuanling11/ethereum-technical-analysis-02-17-21-9bd9273c and sorry if you felt repetitive because my first time post and system had some glitch.