Ethereum’s Count Of Active Addresses is 562101 — How Did it Impact Price?

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $5.3 (0.33%) from the day prior.
  • Ethereum has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • 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 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.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • At the moment, ETH’s price is up $5.19 (0.32%) from the day prior.
  • Ethereum has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart 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.
  • 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

  • ETH has an average transaction value of 1.0061, down 16.33% 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 394830 and 1098039.
  • ETH’s daily large transaction count now stands at 2219.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Might Have Bottomed; Elliott Wave Analysis you may find interesting:

Hello Crypto traders, today we will talk about Ethereum, its price action from technical point of view and wave structure from Elliott wave perspective.Crypto market is actually still at the lows, but Ethereum is one of the strongest cryptocurrencies for the last couple of weeks. It can be actually already turning bullish after it reached projected strong support zone with equal wavelength A=C. So, we believe it’s quiet leading indicator, which suggests that Crypto market may have found the bottom.From Elliott wave perspective ETHUSD made nice and cl…

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