Santiment Flags Extreme ETH Fear as Bullish Signal; Detects Unusual Cardano Wallet Activity

According to Santiment, Ethereum's social sentiment has reached its lowest level this year as investors abandon the asset amid months of underperformance against Bitcoin and other altcoins. The data platform noted that the extreme level of fear and uncertainty (FUD) surrounding ETH, combined with the proportion of ETH in profit falling to 11% (the lowest since 2017), may paradoxically signal a price recovery, as historical patterns show Ethereum often rebounds when sentiment reaches such extreme lows.

Santiment also detected unusual changes on the Cardano network, with long-dormant large wallets recently becoming active. The platform identified a simultaneous rise in Consumed Age metrics and a slowdown in Average Dollar Age Invested, indicators that have historically coincided with major market turning points.