Ethereum Technical & Sentimental Analysis 08-03-21

in CryptoDog • 3 years ago

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Ethereum opens at $2.6K. It hits lowest at $2.4K and highest at $2.6K and stable around $2.5K. The average transaction fee is $8.47 which is 6.54% increase from 08-02-21. Fear and Greed level is at 55.

Here are some highlights to support my analysis:

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As today, Ethereum Value = $1.7k ~ $2.5k and my position is Long.
Today’s sentimental news and comments:

Bullish News 📈

65.6% of Ether nodes are ready to sync for Ethereum London hardfork. The price of Ethereum may fluctuate more.

Bearish News 📉

Ethereum London hardfork will kill some of the tokens. Particularly the solutions for gas fees efficiently will be obsolete.

SEC eyes on DeFi as regulations expand into crypto DeFi lending that potentially triggers regulations regime.

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

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#trading #analysis
3 years ago in CryptoDog by
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