Ethereum Technical Analysis 04-13-21

Ethereum opens at $2.1K and goes up around to $2.3K and stable around $2.2K. The average transaction fee is $13.37 which is 20.33% increase from 04-12-21. 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 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.

I raise my floor price to $1.5k indicates the strong support and raise the ceiling price at $2.5k.

As today, Ethereum Value = $1.5k ~ $2.5k 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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