Ethereum opens at $1.8K and goes down around to $1.7K and stable around $1.7K. The average transaction fee is $20.42 which is 16.75% increase from 03-15-21. 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. Gas fee is expensive!
Ethereum decreases its correlation with Stock indicates that it becomes a neutral position 👁️ The price may fluctuate less in the coming day with price toward mid-level. However, it was relatively stable. However, its sentiment has changed and risk is back to normal!
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!
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
