Ethereum’s Average Transaction Value is 2.26 — How Did it Impact Price?

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is down $-14.21 (-0.64%) from the day prior.
  • Ethereum has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • 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 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 down $-12.42 (-0.56%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 5 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 50 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.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has an average transaction value of 2.26, up 30.86% from its value day prior.
  • 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’s number of daily new addresses now stands at 102573.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD 1D CHART UPDATE you may find interesting:

Welcome community members in this post I will be going through with ETHEREUM daily chart analysis.This is my first chart on trading view.If you find this post helpful hit the like button and follow .As we can see at the above mentioned chart that ETH/USD was trading inside the symmetrical triangle pattern and broke below at the price level of $2700 and loosed …

Domino_Crypto