Optimism about Ethereum climbed to a 14-month high yesterday, according to Forbes. The long-term sentiment index for Ethereum is calculated by comparing the positivity of posts on X (formerly known as Twitter) over the past 50 days with the past 200 days, according to cryptocurrency analytics provider The Tie. On June 3, the index reached 66.69, its highest level since March 24, 2023. Any score above 50 indicates more optimistic sentiment in the recent past.
In addition, according to CoinMarketCap data, the price of Ethereum experienced moderate fluctuations yesterday, remaining between $3,700 and $3,900. On May 20, the price of Ethereum rose rapidly from below $3,100 to nearly $3,700, and the volatility of the digital currency has remained low in the following weeks.
The Ethereum market sentiment index has reached its highest level since March 2023
2024-06-06 00:14:32
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