Ethereum’s Daily Transaction Count is 1291628 — How Did it Impact Price?

The Daily View for Ethereum

  • Currently, ETH’s price is up $5.51 (0.15%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists 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 moment, ETH’s price is up $3.46 (0.1%) 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.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

  • Over the past 29 weeks, ETH’s daily transaction count has been in a clear downtrend, falling by about 1209.19 per day.
  • For ETH, its daily transaction count is now at 1291628.
  • ETH has a daily large transaction count of 9828, up 18.54% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH, immediate term trade and trend [7OCT2021] you may find interesting:

I love ETH, I love it more than BTC. BTC went bullish bullish in my algo few days ago. Rally was amazing, and if you followed me I’m glad to caught it. and Sold some at the 56k mark.What is interesting about ETH is that, it is laggi…

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