Ethereum Came Into Today Down -0.71%

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is down $-23.87 (-0.78%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • Currently, ETH’s price is down $-21.81 (-0.71%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Of note is that the 50 day changed directions on ETH; it is now pointing up. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between ETH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ETH’s price.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • Over the past 29 weeks, the trend for ETH’s count of active addresses has been choppy and unclear. It has oscillated between 486996 and 905233.
  • ETH’s daily large transaction count now stands at 4934.
  • ETH has a daily large transaction count of 4934, down 45.25% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled the rise of ethereum/Dollars you may find interesting:

the bullish movement of the eth is confirmed by the double bottom, the 50 zone of the RSI is broken so we can buy the eth or wait for a significant pull back before positioning ourselves at the

tchagaouachirafe11