When Bitcoin (BTC) fell below $60,000, altcoins also experienced a sharp and significant decline.
Ethereum ($ETH) has consistently lagged behind Bitcoin during bull and bear periods, disappointing investors, with both prices and interest rates falling.
Santiment, a data platform that analyzes the current state of cryptocurrencies $ETHpointed out the extreme lack of public interest. $ETH This could be a sign of price recovery.
According to Santiment’s analysis, the market has reached a point where it will completely ignore and abandon Ethereum. This extreme uncertainty and doubt (FUD) surrounding Ethereum increases the chances of a price recovery.
Santiment pointed out that investors are giving up on Ethereum and said the social situation is worsening. $ETH It has fallen to its lowest level this year and is in a state of extreme fear.
This negative public sentiment stems from a variety of factors, including “months of poor performance for Bitcoin and other altcoins, criticism of the Ethereum Foundation’s (EF) governance and leadership, and Vitalik Buterin’s problematic comments.”
Furthermore, the proportion is $ETH Profits more than tripled to 11%, the lowest level since 2017.
Santiment drew parallels between the current situation and April 2025, when the market becomes pessimistic about the demise of Ethereum, noting that just four months later, when FUD peaks and selling pressure subsides, the price will triple to an all-time high.
“Investors have effectively given up on Ethereum, so there may not be another intense selling pressure on Ethereum.” $ETH. With positive news and new demand, prices could more easily rise. ”
Historically, Ethereum has also shown a tendency to rebound when social sentiment reaches extreme FUD (Fear, Uncertainty, Doubt) levels, as the price often moves contrary to crowd expectations.
Abnormal changes in Cardano!
In addition to Ethereum, Santiment also shared an analysis of Cardano (ADA). Santiment pointed out that large wallets that had been inactive for a long time on the Cardano network have recently become active again.
Santiment reported that it detected an unusual change in Cardano’s average investment age and consumption age indicators.
Santiment said the simultaneous rise in the consumption age and the slowdown in the average age to invest suggests that major changes may be afoot in the market.
Santiment noted that these indicators have often appeared near major market turning points in the past, adding that while they don’t necessarily confirm a recovery, they’re worth paying attention to.
“…These signals do not automatically mean a reversal is coming, but they do indicate that something is changing beneath the surface. Historically, clusters of rising consumption ages, coupled with pauses (or declines) in the average investing age, have often occurred around important turning points in the market.”
*This is not investment advice.
