Both are called the long/short ratio, but they measure different things. $ETH Platform-wide account long/short ratio: 3.29:
This is calculated by number of accounts and reflects which side retail traders are on.
When both measures point to the same conclusion, the signal is stronger. When they diverge, the position-based metric for large traders is generally given more weight. Do you think this is the beginning or the end?

DYOR, and trade rationally.