Ethereum Technical & Sentimental Analysis 08-01-21

Ethereum opens at $2.4K. It hits lowest at $2.4K and highest at $2.6K and stable around $2.5K. The average transaction fee is $10.18 which is 46.09% increase from 07-31-21. Fear and Greed level is at 70.

Here are some highlights to support my analysis: As today, Ethereum Value = $1.7k ~ $2.5k and my position is Long.Today’s sentimental news and comments:

Bullish News 📈

EIP-1559 will finally activate which will make Ethereum better money. How? Through lower transaction costs.

Bearish News 📉

Regulation aims to BlockFi that crypto lending may have regulations to prevent profits from defi lending.

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Thanks for reading and see you tomorrow!

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