Ethereum is Up for the 2nd Day in a Row

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $11.91 (0.42%) from the day prior.
  • The daily chart shows that Ethereum has seen 2 straight up days.
  • 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 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 time of this writing, ETH’s price is up $12.92 (0.46%) from the day prior.
  • This is the 2nd day in a row Ethereum has seen its price head up.
  • As for the trend on the daily timeframe, we see the clearest trend 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

  • For ETH, its daily large transaction count is now at 7092.
  • Over the past 29 weeks, ETH’s daily large transaction count has been in a clear downtrend, falling by about 23.49 per day.
  • ETH has a daily large transaction count of 7092, down 10.38% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD: Break-out of this bearish trend line you may find interesting:

Ethereum make this break-out right now in this bearish trend line, maybe it’s supposed that Ethereum it’g goes to find up the resistance of $2,870 USD approx. So, I will put a buy order limit at $2,780 USD and SL to $2,726 USD a…

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