Ethereum’s Count Of Active Addresses is 486314 — How Did it Impact Price?

The Daily View for Ethereum

  • Currently, ETH’s price is up $4.41 (0.41%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Ethereum has now gone up 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • 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 moment, ETH’s price is up $4.98 (0.47%) 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.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • 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.
  • Divergence alert: Trend in ETH’s price and its RSI are diverging. ETH’s price is declining faster than its RSI.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • Over the past 29 weeks, ETH’s daily transaction count has been in a clear downtrend, falling by about 860.81 per day.
  • For ETH, its number of daily new addresses is now at 78963.
  • ETH has a count of active addresses of 486314, down 3.56% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETHUSD and LTCUSD Technical Analysis – 16th JUNE, 2022 you may find interesting:

ETHUSD – Bearish Doji Star Pattern Below $1834Ethereum was unable to sustain its bullish momentum and after touching a high of 1834 on 16th June started to decline heavily against the US Dollar.We can see a continued selloff in the markets which is keeping the prices of Ethereum below the $1200 handle in the European Trading session today.We can see the formation of a Bearish Descending channel below the $1800 handle and now we are looking at $1100 and $1050 as the immediate targets.The prices touched an Intraday Low of $1144 in the European Trading session and an Intraday High of $1254 in the Asian Trading session today.We can clearly see a Bearish Doji Star Pattern Below the $1834 handle which is a Bearish pattern and signifies the end of a Bullish phase and the start of a Bearish phase in the markets.ETH is now trading below its Pivot levels of 1168 and is moving into a Strong Bearish channel. The price of ETHUSD is now testing its Classic support levels of 1126 and Fibonacci support levels of 1158 after which the path towards 1100 will get cleared.Relative Strength Index is at 50 indicating a NEUTRAL market and the shift towards the consolidation phase in the markets.The STOCHRSI is indicating Oversold levels, which means that the prices are due to correct upwards in the short-term range.ALL of the of the Technical indicators are giving a STRONG SELL market Signal.Some of the Moving Averages are giving a SELL Signal and we are now looking …

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