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Ethereum IG Client Sentiment: Our data shows traders are now at their most net-long Ethereum since Dec 18 when Ethereum traded near 132.39.

Ethereum IG Client Sentiment: Our data shows traders are now at their most net-long Ethereum since Dec 18 when Ethereum traded near 132.39.

Research, Research Team
Ethereum Client Positioning

Number of traders net-short has decreased by 28.03% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Ethereum

BEARISH

94.25%

5.75%

-9.53% Daily

6.87% Weekly

-33.57% Daily

-28.03% Weekly

-11.38% Daily

3.97% Weekly

Ethereum: Retail trader data shows 94.25% of traders are net-long with the ratio of traders long to short at 16.38 to 1. Our data shows traders are now at their most net-long Ethereum since Dec 18 when Ethereum traded near 132.39. The number of traders net-long is 9.53% lower than yesterday and 6.87% higher from last week, while the number of traders net-short is 33.57% lower than yesterday and 28.03% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ethereum prices may continue to fall.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Ethereum-bearish contrarian trading bias.

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