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

The Daily View for Ethereum

  • At the time of this writing, ETH’s price is up $1.54 (0.05%) from the day prior.
  • Ethereum has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Ethereum. Given that we see an uptrend on the 20 and 10 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

  • Currently, ETH’s price is up $149.72 (4.86%) 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 between ETH’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ETH’s price.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has a daily transaction count of 1194254, up 12.42% 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 1.0566 and 10.6141.
  • For ETH, its count of active addresses is now at 526236.

Featured Ethereum Idea From TradingView

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