Technical Signs Suggest ETH’s Uptrend May Be Stalling

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $18.51 (0.53%) 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.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend 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 $18.83 (0.54%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend 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

  • For ETH, its daily transaction count is now at 1143473.
  • Over the past 29 weeks, the trend for ETH’s average transaction value has been choppy and unclear. It has oscillated between 1.4622 and 26.8724.
  • ETH has a count of active addresses of 540783, up 0.26% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETH/USD – Test of support imminent? China crash contagion! 🛑 you may find interesting:

ETH and altcoins are in red! Is it possible that the Chinese Bonds Crash is pushing the altcoin market lower? There is a lot of fear on traditional markets after the Evergrande property giant from China missed its off-shore bond payments.Contagion is probable at least in the short term and some fear in the markets may impact crypto negatively. In such a scenario, ETH and alt…

DU09