Ethereum’s Number Of Daily New Addresses is 87572 — How Did it Impact Price?

The Daily View for Ethereum

  • Currently, ETH’s price is up $4.57 (0.15%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • 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

  • At the time of this writing, ETH’s price is up $6.35 (0.21%) from the day prior.
  • This is the 3rd day in a row Ethereum has seen its price head up.
  • 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 pin bar 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 alert: Trend in ETH’s price and its RSI are diverging. ETH’s price is declining slower than its RSI.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has a count of active addresses of 508826, up 2.34% from its value day prior.
  • Over the past 29 weeks, the trend for ETH’s daily large transaction count has been choppy and unclear. It has oscillated between 2920 and 31775.
  • ETH’s daily transaction count now stands at 1091269.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD – End of structure promises exciting weekend! 😁 you may find interesting:

Similarly to Bitcoin (idea below), ETH is closely approaching the end of this pennant. The textbook says usually a pattern/structure like this breaks once price moves 70% of its length or thereabout. Therefore we should not be far from some exciting price action this weekend. Can BTC/ETH break resistance? Right now ETH is sitting and having a chat with the Fi…

DU09