The \u201ccrowd has written off Ethereum,\u201d reported Santiment on Tuesday. However, this makes the probability of a rebound \u201csubstantially higher,\u201d it added.<\/p>\n
The onchain analytics platform said that Ethereum\u2019s social sentiment has fallen into an \u201cextreme fear zone\u201d as traders react to months of underperformance relative to Bitcoin and many other altcoins.<\/p>\n
The recent selloff has been amplified by ongoing debate surrounding the Ethereum Foundation, criticism of its leadership and priorities, and controversial comments from Vitalik Buterin that have \u201cfueled further uncertainty.\u201d<\/p>\n
Positive-to-negative commentary has dropped to one of its lowest levels of the year, indicating that bearish<\/a> narratives are now dominating social media, said Santiment.<\/p>\n The same situation unfolded when ETH prices tanked to similar prices in April 2025. The FUD hit record levels, and everyone cried, \u201cEthereum is dead.\u201d<\/p>\n Four months later, it had tripled in price to an all-time high.<\/p>\n \u201cHistorically, Ethereum has tended to rebound when social sentiment reaches extreme FUD levels because prices frequently move opposite to the crowd\u2019s expectations.\u201d<\/p>\n When traders become overwhelmingly convinced that an asset will continue falling, much of the selling<\/a> pressure has already been exhausted, it added.<\/p>\n TL;DR: Crowd has written off Ethereum, making the probability of a rebound substantially higher Ethereum\u2019s social sentiment has fallen into an extreme \u201cfear zone\u201d as traders react to\u2026 pic.twitter.com\/XHAf2KglbR<\/a><\/p>\n \u2014 Santiment Intelligence (@SantimentData) June 9, 2026<\/a><\/p>\n\n According to Glassnode, the share of ETH supply held at more than 3x profit has dropped to just 11%, its lowest level since 2017. Ether\u2019s profitability profile has \u201cfundamentally compressed\u201d relative to prior cycles, it added<\/a>.<\/p>\n To add balance, Bitcoin\u2019s supply in loss has hit a new yearly high of 50%, so the bear market is battering all crypto assets.<\/p>\n Ether price continues to weaken in the short-term, with it tapping an intraday low of $1,620 twice over the past 24 hours.<\/p>\n With no current drivers or momentum, a fall back towards $1,500 is looking highly likely. This level serves as a major support zone, as it did 14 months ago, when Ether was going through the same pain.<\/p>\n The post Retail Writes Off Ethereum, Making Recovery More Likely: Santiment<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The \u201ccrowd has written off Ethereum,\u201d reported Santiment on Tuesday. However, this makes the probability of a rebound \u201csubstantially higher,\u201d it added. The onchain analytics platform said that Ethereum\u2019s social sentiment has fallen into an \u201cextreme fear zone\u201d as traders react to months of underperformance relative to Bitcoin and many other altcoins. The recent selloff […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177906","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177906"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=177906"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177906\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n Metrics Used: Positive vs. Negative Commentary Ratio
\n Link: https:\/\/t.co\/vCjlfHHuGE<\/a><\/p>\nETH Price Outlook<\/h2>\n