Ethereum Does it Again: Heads Up for the 3rd Straight Day

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $4.69 (0.16%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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

  • At the time of this writing, ETH’s price is up $4.33 (0.15%) from the day prior.
  • The daily chart shows that Ethereum has seen 3 straight up days.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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 average transaction value has been choppy and unclear. It has oscillated between 0.9009 and 5.9931.
  • ETH’s average transaction value now stands at 2.9389.
  • ETH has a daily transaction count of 1103105, down 6.78% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled #Bitcoin #ETH #Gold #SPX500 – divergences everywhere you may find interesting:

Bitcoin Ethereum Gold and S&P500 – divergences everywhereCombination of regular and hidden bullish divergences (green and blue dot line) should lead to a recovery soon.Drop me a nice comment if you’d like me to analyze any other cryptocurrency.*not financial advicedo your own research before investing

Crypto4Everybody