Ethereum’s Daily Large Transaction Count is 9381 — How Did it Impact Price?

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-5.68 (-0.12%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 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 $-6 (-0.13%) 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

  • ETH’s daily transaction count now stands at 1302283.
  • Over the past 29 weeks, the trend for ETH’s average transaction value has been choppy and unclear. It has oscillated between 1.4024 and 25.9127.
  • ETH has a daily transaction count of 1302283, up 3.22% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD – ATH. First $5,000, then $10,000! DO NOT SELL! 🤩 you may find interesting:

Ethereum experienced a new phenomenon… for the first time ever in the last week there was more ETH burned than mined!https://watchtheburn.com/The NET balance is NEGATIVE. Meaning, there is less ETH than before in the past week… This is VERY BULLISH… why? Because if this continues and…

DU09