The Crypto Fear and Greed Index has surged to a striking 83, signaling “extreme greed” among market participants. This bullish sentiment has held strong over the past week, leaving investors to ponder whether the market is approaching a potential peak or if this is simply a temporary phase. Meanwhile, Ethereum is demonstrating resilience, with a robust demand zone forming around the $3,000 mark. This area has seen significant activity, as approximately 2.82 million wallet addresses have accumulated over 6.14 million ETH. This critical support level could serve as a launchpad for Ethereum to rally toward new highs if market conditions
The post Extreme Greed In Crypto Markets: Is A Market Peak Looming Or Just Noise? appeared first on The Merkle News.
