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 up $2.55 (0.18%) 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.
  • 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 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.

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 $2.55 (0.18%) 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.
  • 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

  • ETH has an average transaction value of 2.1645, up 84.61% from its value day prior.
  • Over the past 29 weeks, ETH’s number of daily new addresses has been in a clear downtrend, falling by about 202.51 per day.
  • ETH’s average transaction value now stands at 2.1645.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Analyze (Important Trend line)!!!🔔 you may find interesting:

Ethereum was able to break the important Trend line by Bearish Marubozo Pattern (with high volume), and when I saw this pattern & volume, I was more sure about the break (Valid).Ethereum passed the pullback to the important Trend line by low volumes these days. I expect that Ethereum will go down to at least th…

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