Bullish Signals for Bitcoin Price and Ether Price, Bearish for Ripple and Litecoin
ETHER PRICE MAY RISE
Turning to Ether, the retail trader data show 90.6% of traders are net-long, with the ratio of traders long to short at 9.61 to 1. In fact, traders have remained net-long since July2007, when Ether traded near 244.56; the price has moved 252.8% higher since then. The number of traders net-long is 2.1% lower than yesterday and 0.7% lower from last week, while the number of traders net-short is 5.0% higher than yesterday and 1.4% higher from last week.
The fact traders are net-long suggests Ether prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Ether price trend may soon reverse higher despite the fact traders remain net-long.