Recently, market optimism about Ethereum has climbed to a 14-month high.
According to data from cryptocurrency analytics provider The Tie, Ethereum's long-term sentiment index is calculated by comparing the positivity of posts on platform X in the past 50 days with the past 200 days. On June 3, the index reached 66.69, the highest level since March 24, 2023. Any score above 50 indicates that market sentiment is more optimistic in the near term.
In addition, according to CoinMarketCap data, Ethereum prices experienced mild fluctuations on the day, maintaining between $3,700 and $3,900. On May 20, Ethereum prices rose rapidly from below $3,100 to nearly $3,700, and its volatility has remained low in the following weeks. (Forbes)