ETH Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 4.11% | -8.14% | 41.35% | 22.04% | 428.02 bn | 17.90 bn |
Ethereum (ETHUSDT) price over 7 days dropped -8.14% to 3,550.19 . For the record, ETHUSDT is -27.07% below all-time high of 4,868.00.
Over the last 30 days, ETH is up by 41.35% while 12-month period is up by 22.04%.
For the new week, our technical outlook looks uncertain as Ethereum is not performing well over the last 7 days.
What can we expect from Ethereum today?
At time of writing, however, Ethereum has increased by 4.11% over the past 24 hours. Our daily analysis is that the price action looks mixed.
Looking ahead on Monday, immediate upside resistance level at 3,610.49 (R1) with break above could target 3,670.79 (R2), while on the downside we are looking at 3,447.72 (S1) or daily low of 3,405.55 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 3,345.25 (S2).
Key levels to watch out:
| R3 | 3,773.26 |
| R2 | 3,670.79 |
| R1 | 3,610.49 |
| Daily Pivot | 3,508.02 |
| S1 | 3,447.72 |
| S2 | 3,345.25 |
| S3 | 3,284.95 |
About Ethereum
Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more.On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.