How Exorde Predicted The ETH Price Surge

May 23, 2024
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May 21st 2024

On May 15th, Exorde’s advanced analytics detected a significant surge in crypto positivity, predicting the ETH price jump from $3080 to over $3600 hours ahead with great confidence.

This prediction was based on the analysis of over 25 million crypto-related messages from the vast diversity of the public Web, in the past weeks alone.

Exorde online news sentiment (in red) on Ethereum overlayed with ETH Price (in green), hourly, between April 22nd to May 22nd 2024

A massive sentiment surge on both worldwide news articles, and social media, was detected starting May 15th, confirmed later on May 17th.

It was also correlated with a bounce in excitement and related positive emotions across Web social platforms.

We predicted this market behavior a couple of days before ETH surged massively by over 20% in a few hours, on May 20th at around 2 pm UTC.

Not to mention that our sentiment & emotional metrics also helped confirm local ETH price bottoms at $2800–2900 levels between April 30th and May 2nd.

With these Exorde indicators, one could have implemented a straightforward threshold-based long/short strategy to generate profits. By setting specific thresholds for sentiment and emotional metrics, traders could have taken long positions when sentiment indicated a bottom and short positions when sentiment suggested a peak, thereby capitalizing on market movements.

We also saw the global Crypto sentiment bottom in the previous month (April 2024).

Crypto social-media sentiment, based on Exorde metrics, hourly plotted between February 22th 2024 to Today, May 22th 2024

We are even better when it comes to tracking trends on social media.

Our data can go much, much farther.

Highly granular sentiment per online platform

Exorde offers a way to precisely track the sentiment of individual platforms, even specialized financial platforms. These individual signals have been proven to carry valuable, predictive, information when plugged into algorithmic trading systems.


Exorde’s data and analytics platform offers a powerful tool for hedge fund managers and quantitative analysts.

By providing real-time, actionable insights, Exorde helps you stay ahead of market trends and make informed investment decisions. The recent ETH price surge is a testament to the predictive potential of our platform. For more detailed information, you can refer to the following documents:

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