CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
Bitcoinist 2025-03-15 07:30:27

Ethereum FUD Spikes On Social Media After 13% Price Drop: Bottom Signal?

Data shows the sentiment around Ethereum (ETH) has recently soured on social media, something that could actually help the coin reverse its price. Ethereum Positive/Negative Sentiment Has Declined Recently According to data from the analytics firm Santiment , traders on social media have become bearish toward Ethereum following the price drawdown. The indicator of relevance here is the “ Positive/Negative Sentiment ,” which tells us about whether the social media users are bullish or bearish toward a given coin. The metric works by going through the major social media platforms to filter for posts/threads/messages that contain at least one mention of the asset. It then puts these posts through a machine-learning model to determine whether the comments are positive or negative. Finally, the indicator takes the ratio between the two types of posts, in order to represent a ‘net’ situation for traders as a whole. This metric’s value being greater than 1 implies positive posts outpace the negatives ones, while it being under the mark suggests a bearish sentiment is held by the majority. Now, here is the chart shared by the analytics firm that shows the trend in the Ethereum Positive/Negative Sentiment over the last few months: As displayed in the above graph, the Ethereum Positive/Negative Sentiment witnessed some very large spikes during the last couple of months of 2024. The peak of the metric during that period corresponded to positive comments outweighing negative ones by more than three times. The overwhelming bullish sentiment was a result of the sharp rally that ETH observed alongside the rest of the cryptocurrency sector. Interestingly, the run ran out of steam not too long after optimism spiked among the social media users. This pattern of the ETH price moving contrary to the expectations of the majority has actually been witnessed time and again, not just for ETH, but digital assets in general. From the chart, it’s visible that with the bearish price action that has followed in the last couple of months, the Positive/Negative Sentiment has seen a notable cooldown. After the latest continuation of the decline, that has taken Ethereum under the $2,000 level, the indicator’s value has dropped below the neutral 1 mark, indicating the traders on the social media platforms now believe in a bearish outcome for the asset. As mentioned before, though, it’s been a historical pattern that the coin’s price tends to go opposite to the crowd’s opinion. Thus, in this view, the dominance of fear on social media could be something that can help ETH attain a bottom. It only remains to be seen, however, whether the current sentiment is negative enough for this effect to take hold, or if the mood will have to worsen still for a rebound to occur. ETH Price At the time of writing, Ethereum is floating around $1,900, down more than 13% in the last seven days.

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约