Is ETH’s Trend Waning? Oscillators Suggest So

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $5.75 (0.4%) 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 $4.97 (0.35%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend 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 faster than its RSI.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • Over the past 29 weeks, ETH’s count of active addresses has been in a clear downtrend, falling by about 586.08 per day.
  • ETH’s count of active addresses now stands at 526563.
  • ETH has an average transaction value of 1.1725, down 11.6% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled TODAY Surpass 13M Eth you may find interesting:

July 25, 2022 (investorideas. Com newswire) ethereum stakers keep to boom their stake within the network. Consistent with a look at by using banklesstimes, the variety of ether staked on ethereum’s eth 2. Zero staking contract has passed 13 million, increasing with the aid of 18% in q2. That is applicable to banklesstimes due to the fact the ethereum network is making ready to improve to a evidence-of-stake consensus model, as a way to see ether tokens used to at ease the community and confirm transactions. Underneath the contemporary evidence-of-work consensus model, ethereum is saved at ease by means of miners who verify transactions and encompass them in the blocks. But, validators will confirm transactions and encompass them in the blocks below the brand new pos model. The entire range of coins staked on eth 2. 0 has now topped the milestone – which is roughly 10. 9 percent of the entire eth supply – with 406,409 specific validators tapping their tok…

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