Ethereum’s Latest Daily Transaction Count Stands At 984022

The Daily View for Ethereum

  • Currently, ETH’s price is up $1.59 (0.14%) 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.
  • 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 up $1.59 (0.14%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 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 alert: Trend in ETH’s price and its RSI are diverging. ETH’s price is declining faster than its RSI.

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 count of active addresses has been choppy and unclear. It has oscillated between 448352 and 830699.
  • For ETH, its daily transaction count is now at 984022.
  • ETH has a daily large transaction count of 4723, down 23.49% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Can Ethereum Reach $5,000? you may find interesting:

Since its founding in 2015, Ethereum has skyrocketed nearly 153,000% to an all-time high price of $4,892 in November 2021. However, with the overall decline in the cryptocurrency market, the world’s second most valuable digital asset now sells for $1,077 per token as of this writing.Reaching $5,000 per token would equate to a 364% return from today, and it would mean a new peak price for this popular cryptocurrency. Let’s discuss why that lofty target is possible, as well as what might get in the way.As the first programmable blockchain, Ethereum introduced smart contracts to its network, something that Bitcoin doesn’t have. A smart contract is a computer program that runs if certain conditions are met, allowing two unknown parties to interact and …

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