Ether Market Sentiment Index Hits High Since March 2023 on June 3
Recently, market optimism about ethereum climbed to a 14-month high. According to cryptocurrency analytics provider The Tie, Ether's Long-Term Sentiment Index, which is calculated by comparing the level of positivity of posts on Platform X over the past 50 days versus the past 200 days, reached 66.69 on June 3, its highest level since March 24, 2023. Any score above 50 indicates a more optimistic market sentiment in the recent past. In addition, according to CoinMarketCap data, the price of Ether experienced moderate volatility on the day, remaining between $3,700 and $3,900. And on May 20, the price of Ether quickly rose from below $3,100 to nearly $3,700, and its volatility has remained low in subsequent weeks. (Forbes)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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