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Crypto Market Sentiment Falls Further as Ethereum Enters Neutral Zone
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The crypto market sentiment took a turn to the worse this week, with most major coins seeing a lower sentiment score (sentscore) today compared to last Monday. The 7-day moving average of the sentscore for ten major cryptoassets stood at 4.85 today, down from 4.96 a week ago, according to the market sentiment analysis service Omenics.
Notably, no coin on our list this week managed to get above a score of 6, which is the threshold for what Omenics refers to as “somewhat positive.”
Ethereum (ETH), which is still the coin with the highest sentscore, dropped from a score of 6.1 last week to 5.9 today, entering the zone that Omenics calls “neutral” in terms of sentiment. Meanwhile, bitcoin (BTC) saw a drop from 5.9 last week to 5.8 today, also
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