Ethereum Enters Today Up 0.12%

The Daily View for Ethereum

  • At the moment, ETH’s price is up $3.8 (0.14%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 8 of the past 10 days.
  • 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.
  • 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 up $3.27 (0.12%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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

  • ETH’s number of daily new addresses now stands at 80692.
  • Over the past 29 weeks, the trend for ETH’s count of active addresses has been choppy and unclear. It has oscillated between 509861 and 830699.
  • ETH has an average transaction value of 3.641, up 23.89% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum: Intraday technical Analysis you may find interesting:

Ethereum Intraday Technical Analysis:The bulls are trying to defend the support of 2800, but the distribution is not stopping. The selling volumes at the beginning of American trading session were huge today. My idea is that if the support of 2800 is not held this time with good …

JBShark