Ethereum’s Latest Daily Large Transaction Count Stands At 6298

The Daily View for Ethereum

  • Currently, ETH’s price is down $-30.89 (-0.87%) from the day prior.
  • Ethereum has seen its price go down 8 out of the past 10 days, thus creating some compelling opportunities for bears.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 and 50 day moving averages have been crossed, with price now being below them. 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 moment, ETH’s price is down $-31.56 (-0.89%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 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, ETH’s number of daily new addresses has been in a clear downtrend, falling by about 741.99 per day.
  • For ETH, its daily large transaction count is now at 6298.
  • ETH has a count of active addresses of 539368, down 8.2% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD – Expect a breakout before the end of the month! 🚀 you may find interesting:

With BTC stealing the show (see below my idea), Ethereum continues to bounce around this pennant. However, we are approaching the apex of this formation and we should breakout from this range before the end of the month. Bitcoin is sucking all the money from the crypto market due to its current bullish move. ETH and altcoins will have to fight for the left-overs or at least until BTC decides to take a break and leave…

DU09