Ethereum Sentiment Declines Significantly Ahead of Potential Rally

Social Media Sentiment Reflects Low Levels

The sentiment for Ethereum on social media is "similarly" aligned with observations made prior to its last major surge, according to analysis by Santiment. In a video published on Saturday, Santiment analyst Brian Quinlivan noted that Ethereum is currently in a decline, which could indicate a limitation on further losses. "This is akin to what we saw before Ethereum began its significant rise last year," Quinlivan stated.

On August 23, Ether (ETH) reached an all-time high of $4,878, representing an increase of nearly 70% in four months after it fell to an annual low of $1,472 on April 9, according to CoinMarketCap data. Quinlivan added that the price of Ether began to rise just as many started to ignore it.

Currently, Ether has depreciated by 36% from its all-time high, trading at $3,089 at the time of this publication, following a $19 billion liquidation event in the crypto market on October 10, leading to a broader downward trend. The price of Ether has fallen by 4.64% in the last 30 days.

However, Quinlivan does not believe that the market is now skeptical about Ethereum's growth potential, as it was at the beginning of 2025. "Ethereum is once again seen as being in second place in terms of market capitalization, which is a correct positioning," he said.

Additionally, the overall sentiment in the crypto market is in the "Fear" zone, fluctuating between "Fear" and "Extreme Fear" since November. On Sunday, the index recorded a "Fear" score of 29.