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Just took a look at ETH price, $2110, up 2.16%...
I wonder if the Fear & Greed Index at 12/100 is broken? ETH has already risen to a daily high of $2123, but the market is still in "Extreme Fear"? It's like your girlfriend says "I'm not angry" but her tone clearly shows she's angry—completely inconsistent with the data and reality.😂
Today’s ETH performance is really surreal, climbing from the 2021 low all the way to 2123, with a fluctuation range of $102, which is a 5% swing. Logically, with this kind of rise, the Fear & Greed Index should be jumping a few points, right?
But the index is still at 12. I suspect this index might be controlled by some big players, deliberately confusing retail investors. Or maybe everyone is still scared from the recent market moves, so even though ETH is rising, they don’t dare to believe it?
That said, the trading volume of 325M USDT is quite solid, indicating real money is actually buying. Maybe it’s that kind of "body is honest, mind is fearful" situation?
Anyway, I think when the index shows extreme fear but the price is rising, it’s often an interesting signal. Either the bottom-fishing funds are quietly entering, or... never mind, let’s not overthink it—let the bullets fly a little longer.