Social media chatter reveals retail merchants are in disbelief about Ether’s latest rally and are promoting off their holdings to be scooped up by massive crypto patrons, says the crypto sentiment-tracking platform Santiment.
“Merchants have proven FUD [fear, uncertainty and doubt] and disbelief because the asset makes increased and better costs,” Santiment mentioned in an X submit on Tuesday, exhibiting that bearish social media commentary on Ether (ETH) outweighs bullish remarks.
Ether exhibiting “little or no sentiment resistance”
Santiment defined that costs typically transfer in the wrong way to retail merchants’ expectations. When too many merchants flip overly bullish, it may sign greed available in the market, which has traditionally been adopted by sharp sell-offs.
“There was an occasion of maximum greed again on June 16, 2025, and July 30, 2025, which led to cost corrections,” Santiment mentioned.
Each retracements adopted a major drawdown earlier this yr. Solely in April did Ether plunge 60% from its January excessive, falling under $2,000, based on CoinMarketCap.
Nonetheless, Santiment mentioned that smaller retail merchants are exhibiting extra worry within the present rally, main them to dump their Ether holdings.
“With key stakeholders accumulating free cash that small ETH merchants are prepared to half with proper now, costs are exhibiting little or no sentiment resistance from breaking by way of and making historical past within the close to future,” Santiment mentioned.
Onchain evaluation platform Glassnode mentioned on Monday that short-term Ether holders have been promoting greater than long-term holders, which may imply short-term merchants count on a value pullback.
Merchants anticipate increased costs for Ether
Ether is roughly 5.53% off its all-time excessive of $4,878, which it hasn’t reclaimed since reaching it in November 2021. Ether is buying and selling at $4,622 on the time of publication, up 7.95% over the previous 24 hours.
Associated: Ether futures open curiosity hits all-time excessive as ETH value tops $4.5K — Will it final?
Whereas some merchants consider Ether has peaked, different merchants forecast its value to go a lot increased within the close to time period.
Crypto dealer Ted mentioned Ether “is about to interrupt out of its 4-yr sideways vary, and individuals are calling for prime.”
In the meantime, crypto dealer Inmortal mentioned, Ether is “escaping the pressure of gravity, be prepared for $10000.”
Journal: Scottie Pippen says Michael Saylor warned him about Satoshi chatter
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
