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

The Daily View for Ethereum

  • Currently, ETH’s price is up $1.3 (0.07%) from the day prior.
  • The daily chart shows that Ethereum has seen 3 straight up days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • Of note is that the 20 day changed directions on ETH; it is now pointing up. 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

  • Currently, ETH’s price is up $2.82 (0.14%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Ethereum. Given that we see downtrend 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.

Below is a daily price chart of Ethereum.

ETH

The Latest From ETH’s Blockchain

  • ETH has an average transaction value of 7.8368, up 71.57% from its value day prior.
  • Over the past 29 weeks, ETH’s daily transaction count has been in a clear downtrend, falling by about 1021.36 per day.
  • For ETH, its average transaction value is now at 7.8368.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled ETHEREUM IN DANGER??? you may find interesting:

Hello members, welcome to this ETH update in 3 days timeframe.This certainly doesn’t look good. ETH made an H&S pattern and then doom. A -32% drop so far has liquidated many traders’ hard-earned $$$$. We can see certain support levels at $1790, $1445, and $1050. Most likely ETH can bounce back from a…

Dexter_The_Trader