Crypto Traders Are Extremely Skeptical of Ethereum Bull Run – And That’s Highly Bullish, Says Crypto Analytics Firm Santiment

Crypto Traders Are Extremely Skeptical of Ethereum Bull Run – And That’s Highly Bullish, Says Crypto Analytics Firm Santiment


Crypto intelligence firm Santiment says doubt surrounding Ethereum’s recent rally back above $1,800 may indicate that the top smart contract platform is finally breaking out.

An extreme level of skepticism surrounding a particular asset is a historically bullish signal in the crypto markets, notes Santiment, and many are questioning whether Ethereum (ETH) can actually remain above the $1,800 level this time around.

“Ethereum has wobbled its way back above $1,800, and the crowd has serious doubts on whether it’ll last. This extreme level of crowd skepticism is historically bullish for crypto coins.”

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Source: Santiment

The crypto analytics firm adds in a blog post that negative sentiment on Twitter for Ethereum has hit a record high for the year.

“We’re currently seeing the most negative Twitter sentiment of 2021. The crowd is in disbelief, and this is a bullish

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