Wondering About Ethereum’s Latest Number Of Daily New Addresses? Read to Find Out

The Daily View for Ethereum

  • Currently, ETH’s price is down $-2.65 (-0.06%) 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.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • 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

  • At the moment, ETH’s price is down $-6.95 (-0.15%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 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.
  • 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 an average transaction value of 2.3711, up 7.87% 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 1.4024 and 25.9127.
  • For ETH, its number of daily new addresses is now at 162273.

Featured Ethereum Idea From TradingView

Below is a trading comment entitled Ethereum Price Analysis — November 3 you may find interesting:

As mentioned earlier, ETH continues to crush new record highs as the second-largest cryptocurrency peaked near the $4,700 level in the early Asian session today. That said, the cryptocurrency has exhibited some signs of a bullish slowdown as it corrected mildly to the $4,500 support a little while ago. …

Mr_Wogbe_Alex