Ethereum Technical & Sentimental Analysis 07-31-21
Ethereum opens at $2.4K. It hits lowest at $2.4K and highest at $2.5K and stable around $2.5K. The average transaction fee is $6.97 which is 22.28% increase from 07-30-21. Fear and Greed level is at 58.
Here are some highlights to support my analysis:
As today, Ethereum Value = $1.7k ~ $2.5k and my position is Long.
Today’s sentimental news and comments:
Bullish News 📈
China shot itself in the foot as crypto crack down shows the World how powerful the government can control and prevent something they do not want them to exist.
Ethereum may flip Bitcoin soon? Metrics suggest that it may be and London hardfork makes it more than likely possible.
Bearish News 📉
Bank of International Settlements just publishes a blueprint for instant cross border payments called Nexus. CBDC is moving a step forward for global adoption.
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Thanks for reading and see you tomorrow!
