Ethereum’s Count Of Active Addresses is 638358 — How Did it Impact Price?

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is down $-12.98 (-0.27%) 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 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 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

  • Currently, ETH’s price is down $-12.78 (-0.27%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • 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.
  • 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

  • Over the past 29 weeks, the trend for ETH’s daily large transaction count has been choppy and unclear. It has oscillated between 2920 and 31775.
  • For ETH, its daily large transaction count is now at 7429.
  • ETH has a number of daily new addresses of 151255, down 0.33% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Makes New Highs!! 📈🚀 you may find interesting:

Ethereum has broken out to make new highs! We have pierced through $4616, and are about midway through the vacuum zone to our next level at $4858. We are seeing a series of red triangles on the KRI, suggesting that ETH is running into resistance and may retrace soon. If so, expect support at $4616, then $4450. The Kovach OBV is still relatively strong, but has tapered, suggesting that ETH may have topped off for now.

quantguy