Ethereum’s Latest Number Of Daily New Addresses Stands At 90671

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-4.75 (-0.17%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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 $-4.38 (-0.16%) from the day prior.
  • The daily chart shows that Ethereum has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Ethereum. Given that we see downtrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

  • ETH has an average transaction value of 2.6108, down 25.43% from its value day prior.
  • Over the past 29 weeks, ETH’s daily transaction count has been in a clear downtrend, falling by about 966.63 per day.
  • ETH’s average transaction value now stands at 2.6108.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ✅ETHEREUM LONG FROM SUPPORT🚀 you may find interesting:

https://www.tradingview.com/x/hnDTUwyE/ ✅ETHEREUM is trading an uptrendAlong the rising support lineWhich makes me bullish biasedAnd the pair is about to retest the rising supportThus, a rebound and a move up is expectedWith the target of retesting the level above LONG🚀✅Like and subscribe to never miss a new idea!✅

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