It Could Be a Start for the Ethereum Price: Negativity Peaked! - Coin Bulletin

As negativity reaches peak levels for Ethereum (ETH), this could be a starting signal for the price to recover.

According to the on-chain data analysis platform Santiment, negative sentiment among Ethereum investors has reached its highest level of the year, and this could be a potential sign of recovery if cryptocurrency markets stabilize.

Santiment noted that Ethereum has shown weaker performance compared to other cryptocurrencies with high market value in recent times. Investor sentiment has been increasingly optimistic between March and September of 2024, but turned around from September onwards, with investors adopting a more pessimistic view.

Could it be a return signal?

According to Santiment, investors' widespread expectation of a downturn could be a sign that the market is approaching its bottom levels. Historically, periods of extreme negative sentiment have tended to see price recoveries. It is suggested that with the stabilization of the crypto markets, Ethereum could also resume its upward trend.

Analyses show that investors generally make more negative comments about ETH due to the overall bearish trend in the market. However, looking at past data, it is stated that such periods could often be the beginning of a recovery process.