Market sentiment: ETH network-wide account long/short ratio 3.19
Extreme sentiment indicates that positions are starting to get crowded, but crowded positioning can persist for a long time, so it should not be treated as a reversal signal on its own.
First check whether price is losing momentum and whether leverage is being flushed out, then decide whether a sentiment turning point has been confirmed.
Related market data: $ETH
Extreme sentiment indicates that positions are starting to get crowded, but crowded positioning can persist for a long time, so it should not be treated as a reversal signal on its own.
First check whether price is losing momentum and whether leverage is being flushed out, then decide whether a sentiment turning point has been confirmed.
Related market data: $ETH