Ethereum’s Latest Count Of Active Addresses Stands At 593773

The Daily View for Ethereum

  • At the moment, ETH’s price is up $4.64 (0.14%) from the day prior.
  • The daily chart shows that Ethereum has seen 2 straight up 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 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 time of this writing, ETH’s price is up $5.05 (0.15%) 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 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

  • Over the past 29 weeks, the trend for ETH’s number of daily new addresses has been choppy and unclear. It has oscillated between 83712 and 234080.
  • ETH’s daily transaction count now stands at 1234942.
  • ETH has a daily large transaction count of 8187, down 0.27% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Edges Up in the $3K Handle you may find interesting:

Ethereum has edged up from lows after testing the $2K handle briefly, for the second time. We bottomed out just below our level at $2965. At this level, we saw an aggressive buyback but momentum waned quickly and we are currently ranging just above $3200, a psychological and technical level. The Kovach OBV is completely fla…

quantguy