Ethereum

ETHEREUM, December is showing some strenght but be careful !

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Retail trader data shows 91.4% of traders are net-long with the ratio of traders long to short at 10.6 to 1. The percentage of traders net-long is now its highest since Nov 23 when Ether traded near 117.81. The number of traders net-long is 0.1% higher than yesterday and 0.8% higher from last week, while the number of traders net-short is 11.3% lower than yesterday and 23.4% lower from last week.

I typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Ether 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 Ether-BEARISH contrarian trading bias.

BE CAREFUL BECAUSE YOU NEVER KNOW WHEN BIG BOY WILL COME BACK !

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