According to ChainCatcher, Forbes reported that market optimism about Ethereum climbed to a 14-month high yesterday. The data was calculated by The Tie, a cryptocurrency analysis provider, by comparing the positivity of posts in the past 50 days with the past 200 days.
On June 3, the index reached 66.69, its highest level since March 24, 2023. Any score above 50 indicates more optimistic market sentiment in the near term.
In addition, according to CoinMarketCap data, the price of Ethereum experienced mild fluctuations yesterday, maintaining 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 at a low level in the following weeks.
