Wondering About Ethereum’s Latest Daily Large Transaction Count? Read to Find Out

The Daily View for Ethereum

  • Currently, ETH’s price is down $-5.37 (-0.15%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Ethereum’s hourly price chart is shown below.

ETH

The Daily View for Ethereum

  • Currently, ETH’s price is down $-7.92 (-0.23%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • 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.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has a daily transaction count of 1077312, up 0.28% from its value day prior.
  • Over the past 29 weeks, the trend for ETH’s average transaction value has been choppy and unclear. It has oscillated between 1.6277 and 26.8724.
  • For ETH, its number of daily new addresses is now at 92029.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Breakout?? you may find interesting:

Ethereum has been holding the range between $3324 and $3473. There are several red triangles at this upper bound, suggesting that we should see some resistance here, however momentum is building and we are seeing a sharp uptick in the Kovach OBV which suggests we may be nearing a breakout. The next level above is $3563. Levels from below include $3324 and $3200 if we retrace.

quantguy