TechFlow reported, according to Forbes, market sentiment toward Ethereum rose yesterday to its highest level in 14 months. Data from cryptocurrency analytics provider The Tie shows that Ethereum's long-term sentiment index is calculated by comparing the positivity of posts on X (formerly Twitter) over the past 50 days with those over the past 200 days. On June 3, the index reached 66.69, the highest level since March 24, 2023. A score above 50 indicates relatively optimistic recent market sentiment.
In addition, according to CoinMarketCap data, Ethereum's price experienced mild fluctuations yesterday, remaining between $3,700 and $3,900. On May 20, Ethereum surged from below $3,100 to nearly $3,700, after which the digital currency has maintained relatively low volatility over the following weeks.
