Ethereum IG Client Sentiment: Our data shows traders are now at their most net-long Ethereum since Jul 04 when Ethereum traded near 291.96.
Number of traders net-short has decreased by 31.11% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Ethereum: Retail trader data shows 94.46% of traders are net-long with the ratio of traders long to short at 17.06 to 1. Our data shows traders are now at their most net-long Ethereum since Jul 04 when Ethereum traded near 291.96. The number of traders net-long is 0.84% lower than yesterday and 0.95% higher from last week, while the number of traders net-short is 13.89% lower than yesterday and 31.11% 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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