Ethereum Technical Analysis 04-19-21
hive-167922ยท@xuanling11ยท
0.000 HBDEthereum Technical Analysis 04-19-21
 Ethereum opens at $2.2K and goes down around to $1.9K and stable around $2.2K. The average transaction fee is $22.47 which is 19.20% increase from 04-18-21. Ideally, gas fee should below $10 and build up for another raise toward $2.7K. Ethereum is strong support at around $1.7K as my analysis yesterday. It is slowly grind up and toward $2.3K after reach $2.5K 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 Gold indicates that it becomes a neutral position ๐๏ธ. 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!  Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xuanling11/ethereum-technical-analysis-04-19-21)