I love Ethereum and it weathers pretty well on the downward market. Better than Bitcoin at this time!
Technical Analysis
Let's take a look at some key metrics.
It opens at $1.2K and goes down to $0.9K and stable around $1K. The average transaction fee is $7.3 which is 31.1% decrease from 01-10-21.
Ethereum is fair stable as I mentioned yesterday and its average transaction fee has improved.
I think Ethereum weathers very well in the market and average transaction fee improves better than Bitcoin.
As 01-10-21, Ethereum Value = $1k ~ $1.2k
Most Bullish News
Ethereum staking continue
Ethereum 2.0 will pay off in long term and become more efficient than Bitcoin.
It will stable the price and help Ethereum network expand.
Most Bearish News
Scam concerns that authority warns consumers to be aware
It indicates the legitimacy of owning cryptocurrency.
Thanks for reading and see you tomorrow!
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You can reference my previous analysis here:
Ethereum Technical Analysis 01-07-21
Ethereum Technical Analysis 01-08-21
Ethereum Technical Analysis 01-09-21
Ethereum Technical Analysis 01-10-21
Disclosure: I/we have no positions in any cryptocurrencies mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
