Ethereum opens at $2.0K and goes flat around to $2.0K and stable around $2.1K. The average transaction fee is $15.37 which is 16.56% decrease from 04-04-21. Ideally, gas fee should below $10 and build up for another raise toward $2K.
Ethereum is strong support at around $1.5K as my analysis yesterday.
It is slowly grind up and toward $2.2K after reach $2.1K at all time high and short term correction may come since its valuation is high in my opinion. The valuation is around $1.5K. You can reference my method here. Gas fee is high as usual.
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.
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.
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
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