Social media chatter exhibits retail merchants are in disbelief about Ether’s current rally and are promoting off their holdings to be scooped up by massive crypto consumers, 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 stated in an X publish on Tuesday, displaying that bearish social media commentary on Ether (ETH) outweighs bullish remarks.
Ether displaying “little or no sentiment resistance”
Santiment defined that costs usually transfer in the other way to retail merchants’ expectations. When too many merchants flip overly bullish, it might sign greed out there, which has traditionally been adopted by sharp sell-offs.
“There was an occasion of utmost greed again on June 16, 2025, and July 30, 2025, which led to cost corrections,” Santiment stated.
Each retracements adopted a major drawdown earlier this 12 months. Solely in April did Ether plunge 60% from its January excessive, falling under $2,000, in response to CoinMarketCap.
Nonetheless, Santiment stated that smaller retail merchants are displaying 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 displaying little or no sentiment resistance from breaking via and making historical past within the close to future,” Santiment stated.
Onchain evaluation platform Glassnode stated on Monday that short-term Ether holders have been promoting greater than long-term holders, which might imply short-term merchants anticipate a worth 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 worth tops $4.5K — Will it final?
Whereas some merchants consider Ether has peaked, different merchants forecast its worth to go a lot increased within the close to time period.
Crypto dealer Ted stated Ether “is about to interrupt out of its 4-yr sideways vary, and persons are calling for prime.”
In the meantime, crypto dealer Inmortal stated, Ether is “escaping the drive 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 entails danger, and readers ought to conduct their very own analysis when making a call.
