Ethereum’s Latest Number Of Daily New Addresses Stands At 83792

The Daily View for Ethereum

  • Currently, ETH’s price is down $-9.98 (-0.61%) 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 down $-10.14 (-0.62%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 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 alert: Trend in ETH’s price and its RSI are diverging. ETH’s price is rising slower than its RSI.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has an average transaction value of 1.6101, down 25.61% 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 872310 and 1640575.
  • ETH’s number of daily new addresses now stands at 83792.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Recovers the $1400’s you may find interesting:

Ethereum has pulled back all the way to $1341. We found support here, confirmed by a green triangle on the KRI. Subsequently we bounced back to the $1400’s, barely breaking our level at…

quantguy