The Daily View for Ethereum
- At the time of this writing, ETH’s price is up $6.48 (0.22%) from the day prior.
- The daily chart shows that Ethereum has seen 2 straight up 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.
The Daily View for Ethereum
- At the time of this writing, ETH’s price is up $6.48 (0.22%) from the day prior.
- Ethereum has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- 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.
The Latest From ETH’s Blockchain
- ETH has a number of daily new addresses of 82538, up 2.29% from its value day prior.
- Over the past 29 weeks, ETH’s daily transaction count has been in a clear downtrend, falling by about 949.62 per day.
- For ETH, its daily transaction count is now at 1040852.
Featured Ethereum Idea From TradingView
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