Ethereum Technical Analysis 03-31-21

in hive-110112 •  4 years ago 

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Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.9K. The average transaction fee is $18.79 which is 10.79% increase from 03-30-21. 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 $2.1K after reach $2K 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. Healthy correction is needed for the market.

Ethereum increases its correlation with Gold 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.

Ethereum price is continuing stable and back to $1.5K with reasonable gas fees!

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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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Gas fees are hiiiggghh right now been trying to buy shib and fees are insane $500+

Yeah! FOMO now!