Ethereum’s Latest Count Of Active Addresses Stands At 618222

The Daily View for Ethereum

  • Currently, ETH’s price is down $-20.03 (-0.43%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 4 of the past 5 days.
  • 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

  • Currently, ETH’s price is down $-24.03 (-0.52%) from the day prior.
  • The daily chart shows that Ethereum has seen 3 straight down days.
  • 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 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 has a daily transaction count of 1275236, down 0.71% from its value day prior.
  • Over the past 29 weeks, the trend for ETH’s daily transaction count has been choppy and unclear. It has oscillated between 1019457 and 1632453.
  • For ETH, its average transaction value is now at 2.1142.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Consolidates, Still Looking Strong!! you may find interesting:

Ethereum has retraced a bit from highs, finding support just above our level at $4616. This was the exact level we anticipated support in the last report. We are seeing several green triangles on the KRI, suggesting ETH is getting good …

quantguy