Price analysis of Ethereum: reaching $ 120 could turn it into a decent upward run



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Ethereum's blockchain has recorded 516,697 transactions in the last 24 hours which have yielded about $ 31k of tax to miners. The volume of on-chain transactions was just over $ 163 million and the volume traded on the stock exchange exceeded $ 2 billion.

The price has risen 9.54% and is currently at $ 102, which means it has broken at resistance levels at $ 97 and $ 99. If it keeps this uptrend, it could reach $ 108. If that level were to be broken , the next stop is $ 115.

"If ETH is able to do another bull's flag at this level, we could start seeing another big move up this week. If we reach the second resistance level around 120 within 2 days, which is perhaps safe to say that we will see prices much higher in the coming weeks. Because we could probably do a big one Reverse H & S also. But before being too excited, these patterns need a lot of conviction !!

If this bullish the scenario happens, we could even see a big low V shape and it could really mean something even in the long run. The speed of the rally and the volume It is extremely important. The goal of the bull's flag we just broke it's around 110. If we can reach it, it's fine to see a decent fix, but nothing big though. For now, he needs to stay above that red zone. "Source

Two days ago, the Ethereum blockchain recorded a good record: 50 million addresses. On Saturday, the Ethereum network saw a daily increase of 168,506 crypt unique portfolios, following a steadily growing trend this year. With this, the highest historical historical growth of the unique Ethereum addresses took place on January 4, 2018, with 352,888 new addresses created on the Ethereum network.

Number of unique Ethereum addresses on December 15, 2018

As Cointelegraph explains, while the chart of growth of the unique address indicates the number of existing crypts, there is also an index that shows the number of active cryptographic addresses, which represent the number of unique send and receive addresses that perform transactions in a given day, according to the daily cryptocurrency data site Coinmetrics.

With reference to the BitInfoCharts data, the number of active Ethereum addresses declined steadily in 2018. After reaching a peak of 1.1 million on January 4, 2018, the amount of Ethereum's active addresses fell to less than 1 million at mid-January, and fell about 70 percent during the year – to 328,400 addresses registered yesterday, December 16th.


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