Ethereum’s Average Transaction Value is 2.8843 — How Did it Impact Price?

The Daily View for Ethereum

  • Currently, ETH’s price is down $-12.26 (-0.34%) from the day prior.
  • This is the 2nd day in a row Ethereum has seen its price head down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 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.

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 $-11.27 (-0.32%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 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 a daily large transaction count of 8291, up 14.98% from its value day prior.
  • Over the past 29 weeks, the trend for ETH’s average transaction value has been choppy and unclear. It has oscillated between 1.6277 and 26.8724.
  • For ETH, its number of daily new addresses is now at 104116.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETHEREUM getting ready for $10k. Last chance to buy? you may find interesting:

It has been a while since I looked into Ethereum but what a better time to look at it than now. Ever since the May high, the price has been trading inside a Triangle. This pattern resembles the June – November 2017 Triangle which was the last accumulation phase of the 2017 Cycle before a final parabolic rise that formed the market top just below the 4.382 Fibonacci extension.The two fractals are identical. Both parabolic rallies initially started after a 1D Golden Cross (the MA50 crossing above the MA200 (blue and orange trend-lines respectively), that followed a…

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