Retail traders are holding 94% long positions on Ether, a level often seen as a contrarian indicator. Despite this optimism, Ether remains below the $4,000 mark, struggling to gain bullish momentum after a recent flash crash. The altcoin is currently consolidating between its 50, 100, and 200-day EMAs, indicating a market caught between short-term and long-term trends. Data from Hyblock Capital shows that Ether's True Retail Accounts long percentage is at the 90th percentile, suggesting extreme optimism among retail traders. Historically, such high levels of retail long positions can precede market reversals. Meanwhile, BitMine Immersion Technologies has added over 300,000 ETH to its reserves this week, reflecting continued institutional interest despite market volatility.