ChainCatcher reported that Forbes reported that the market's optimism about Ethereum climbed to a 14-month high yesterday. According to data from cryptocurrency analysis provider The Tie, Ethereum's long-term sentiment index is calculated by comparing the positivity of posts on X 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, Ethereum prices 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.