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.
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.
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…