Ethereum’s Latest Daily Transaction Count Stands At 1021762

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-8.31 (-0.74%) from the day prior.
  • The daily chart shows that Ethereum has seen 2 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 100 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.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-8.31 (-0.74%) 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward 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 an average transaction value of 6.4316, up 13.44% from its value day prior.
  • Over the past 29 weeks, ETH’s number of daily new addresses has been in a clear downtrend, falling by about 251.72 per day.
  • ETH’s average transaction value now stands at 6.4316.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum weekly analysis you may find interesting:

Ethereum it’s in the bear market confirmed very well and the price it’s below of the EMA 200. Durin this day, we see that Ethereum reach arounD $900 USD. The price it’s around $1,060 USD. Right now, in weekly timeframe we see a bearish movement in the price action and the RSI forming a beari…

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