Ethereum’s Number Of Daily New Addresses is 93297 — How Did it Impact Price?

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $14.22 (0.44%) from the day prior.
  • Ethereum has seen its price go up 9 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 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.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • At the moment, ETH’s price is up $13.4 (0.41%) from the day prior.
  • This is the 2nd day in a row Ethereum has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 50 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 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 93297, down 3.74% 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 1022910 and 1467650.
  • ETH’s number of daily new addresses now stands at 93297.

Featured Ethereum Idea From TradingView

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