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Santiment: Ethereum has fallen 36% from its local highs, and if the market stabilizes, it may experience an unexpected rebound
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3 hours ago 740
On February 8, Santiment, a crypto market research firm, released a chart report, saying that Ethereum's market value has fallen by 36% since its local highs 7 weeks ago, resulting in a sharp drop in the number of ETH in profitable state. Judging from the daily closing data, the current ETH profit ratio hits a 4-month low, and the number of profitable tokens has also dropped to the lowest level in 3 months. As the second largest cryptocurrency in market value, Ethereum performed worse than other large-cap currencies, and market sentiment has fallen into significant negative. Although the current panic (FUD) and retail investors continue to sell, once the crypto market stabilizes, Ethereum may experience an unexpected rebound.
Keywords: Bitcoin
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