Ethereum’s Latest Number Of Daily New Addresses Stands At 166828

The Daily View for Ethereum

  • At the moment, ETH’s price is up $8.02 (0.18%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. 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 $-19.99 (-0.44%) from the day prior.
  • This is the 2nd day in a row Ethereum has seen its price head down.
  • 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 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 number of daily new addresses of 166828, down 3.09% from its value day prior.
  • Over the past 29 weeks, the trend for ETH’s average transaction value has been choppy and unclear. It has oscillated between 1.4024 and 25.9127.
  • For ETH, its daily large transaction count is now at 10912.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Reaches Profit Target, Ranges you may find interesting:

Ethereum has tested $4616 twice, forming a double top here. We anticipated ranging after acheiveing this target, and that appears to be exactly what we are getting. After new highs, ETH appears …

quantguy