๐ Ethereum traders have quickly pivoted from being extremely bearish to extreme bullish, according to social media data. But is retail getting overly eager? Historically, we want to see continued FUD like $ETH was having on Tuesday.
๐ค When the #2 market cap nearly rebounded to $3,500 yesterday, the crowd took it as a cue that the asset was back in business. But just like their sell-off helped fuel the rally the past couple days, their FOMO can now halt it.
๐ Prices historically move the opposite direction of crowd expectations. So monitor this chart, and wait for traders to slow their expectations of a quick return to $4K. When bullish sentiment calms down again, that will be your true buy signal. ๐
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