Wondering About Ethereum’s Latest Count Of Active Addresses? Read to Find Out

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-12.46 (-1.11%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 8 of the past 10 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 moment, ETH’s price is down $-13.29 (-1.18%) from the day prior.
  • Ethereum has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence alert: Trend in ETH’s price and its RSI are diverging. ETH’s price is declining faster than its RSI.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • Over the past 29 weeks, the trend for ETH’s daily large transaction count has been choppy and unclear. It has oscillated between 1748 and 16949.
  • For ETH, its average transaction value is now at 3.9889.
  • ETH has an average transaction value of 3.9889, down 6.6% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum – Short term bullish, long term bearish you may find interesting:

Over the weekend, Ethereum reached our price target and plunged to a new low at 879.80 USD. Similarly to Bitcoin, we are no longer bearish on Ethereum. In all honesty, we are unsure where it is headed next. Although we think the rally might continue a little bit further. Despite that, negative fundamental factors remain in place. The FED is expected to raise interest rates next month and put more pressure on the overall economy. As a result, we speculate that the bottom was not set in for ETHUSD. Therefore, we will monitor the price action closely. At the moment, we abstain from setting a price target for ETHUSD. Technical analysis – daily time frame RSI reversed from the oversold zone, hinting…

Tradersweekly