Ethereum Enters Today Down -0.14%

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is down $-5.57 (-0.12%) from the day prior.
  • This is the 2nd day in a row Ethereum has seen its price head down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning 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 $-6.54 (-0.14%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • Regarding the trend, note that the strongest trend exists on the 20 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.
  • 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, ETH’s count of active addresses has been in a clear downtrend, falling by about 1067.66 per day.
  • For ETH, its daily transaction count is now at 1341166.
  • ETH has an average transaction value of 2.2949, up 8.55% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum About To Head To the Moon? you may find interesting:

Ethereum appears to be leaving Bitcoin behind in its dust as it is making new all-timehighs following the long consolidation period between May and October 2021.During that time period, many crypto traders would have lost interest and felt thetrend was coming to an end, but staying on top of the charts is essential as anythingcan happen at any time.The 200 simple moving average acted as a strong level of support during consolidationbetween June and …

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