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# Ethereum Fear and Greed Index Flashes "Greed" as ETH Price Soars
- URL: https://btcpeers.com/ethereum-fear-and-greed-index-flashes-greed-as-eth-price-soars-2/
- Published: 2021-10-11T20:02:40.000Z
- Updated: 2023-09-24T15:39:14.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

The popular “[Crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) Fear and Greed Index” used to measure the market sentiment for major cryptocurrencies, is showing a 62 on the scale for Ethereum, suggesting that investors are rushing to acquire the leading altcoin.

Amid the bullish market sentiment into the “greed” phase, Ethereum experienced a 7.42% rise today, moving from $3,385 to $3,623\. As of press time, the digital asset had retraced a bit to $3,542.

> Ethereum Fear and Greed Index is 62 - Greed  
> Current price: $3,563 pic.twitter.com/8uoz9vY9o8
> 
> — Ethereum Fear and Greed Index (@EthereumFear) October 11, 2021

Back in August, the ETH Index entered the "greed" zone after flashing a 58\. At that time, Ethereum managed to surpass the $2,600 region, which happened to be its highest price mark since mid-June. However, the upsurge back then was partly because the crypto community was anticipating the London hard fork, which contained Ethereum Improvement Proposal 1559 (EIP-1559).

Speaking of EIP-1559, data from the Etherchain shows that more than half a million ETH have been burned on the Ethereum network post-London. The fee-burning mechanism has had a positive impact on the coin's price and is giving ETH somewhat of a deflationary edge.