Ethereum Closed Yesterday Down -6.29%

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $7.1 (0.22%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-214.2 (-6.29%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • For ETH, its count of active addresses is now at 573372.
  • Over the past 29 weeks, ETH’s number of daily new addresses has been in a clear downtrend, falling by about 549.59 per day.
  • ETH has a count of active addresses of 573372, down 8.99% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETHEREUM FINDING BULLISH MOMENTUM (LONG) or RSI Divergence? you may find interesting:

HI GUYS, I’M FIRST TIME POSTING ANALYSIS. Ethereum (ETHUSD) 1 Hour timeframe -> Short formed W. This is a make or break level and indicates a higher low with strong bullish momentum.The neckline of W can be a perfect entry ONLY WHEN price breaks the neckline (Black horizontal line – 3334) with strong momentum which will also result in 50-EMA breaking which indicates a strong buying level. The target will be a risk to reward of 1:2 which comes out to be 3463 (or you can exit at 3450 as w…

raghav_tradeit