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

The Daily View for Ethereum

  • At the moment, ETH’s price is down $-2.21 (-0.13%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 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 moment, ETH’s price is down $-2.21 (-0.13%) from the day prior.
  • It’s been a feast for bears operating on the daily timeframe, as Ethereum has now gone down 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Ethereum. Given that we see an uptrend on the 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. With that said, traders should also note the downtrend on the 5 daily candle timeframe, so the meaning of the candles may require further exploration.
  • 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’s daily transaction count now stands at 1140959.
  • Over the past 29 weeks, the trend for ETH’s daily transaction count has been choppy and unclear. It has oscillated between 872310 and 1640575.
  • ETH has a daily large transaction count of 2444, down 46.3% from its value day prior.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ether: $2K is (not) so close you may find interesting:

All eyes of crypto investors are currently on Ethereum, considering the announced improvement of the network called “Merge” coming in September. Investors are already positioning, as shown by the released news regarding significant call options that few large hedge funds had placed on these coins. This is very positive for ETH, considering that it has been neglected by the market for some time now. Increase in the value of the coins continued for the second consecutive week, where ETH managed to reach levels above $1.7K. Whether $2K is its next target, is still a bit early to note, based on current charts, but certainly, the price of a coin is heading in a positive direction.Minimum level r…

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