Technical Analysis
Let's take a look at some key metrics.
It opens at $0.9K and goes up to $1.1K and stable around $1.1K. The average transaction fee is $6.04 which is 63.8% decrease from 01-12-21.
Ethereum is fair stable and its average transaction fee has improved a lot since yesterday.
Ethereum is out perform Bitcoin in short term.
As 01-13-21, Ethereum Value = $1k ~ $1.2k
Most Bullish News ??
Ethereum decentralized Amazon Cloud Computing
It indicates that Ethereum maybe a way to break big tech.
Most Bearish News ??
Ethereum may collateralize loans
It indicates that increase more risks as another financial instrument in the future.
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??
Ethereum Technical Analysis 01-11-21??
Ethereum Technical Analysis 01-12-21??
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.
