Ethereum Fear and Greed Index, often used to assess investor sentiment, indicating growing optimism
This marks a noticeable uptick from readings over the past weeks, which was paralleled by an increase in Ethereum's price.The Ethereum Fear and Greed Index is a tool that provides insight into the collective sentiment of Ethereum investors.By Oct. 11, the index fluctuated slightly but remained neutral, ranging from 42 to 45. During that period, Ethereum's price had been oscillating between $1,566 and $1,576.Ethereum's market capitalization stands robust at approximately $196.
However, investors should exercise caution. As noted by 100eyes Crypto Scanner, there is an RSI bearish divergence on the 1-hour chart for Ethereum, which could potentially indicate an impending price drop.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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