Ethereum Technical Analysis 04-07-21

13 days ago
1 Min Read
184 Words

Ethereum opens at $2.1K and goes flat around to $1.9K and stable around $2.0K. The average transaction fee is $19.38 which is 2.11% increase from 04-06-21. 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 offense 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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