Santiment: Ethereum has dropped 36% from its local peak, and if the market stabilizes, an unexpected rebound may occur

2025-02-08 17:16:25

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ChainCatcher news, the cryptocurrency market research firm Santiment has released a chart report showing that Ethereum's market capitalization has dropped 36% from its local peak seven weeks ago, resulting in a sharp decrease in the number of profitable ETH. According to daily closing data, the current ETH profit ratio has hit a four-month low, and the number of profitable tokens has also fallen to a three-month low.

As the second-largest cryptocurrency by market capitalization, Ethereum has underperformed compared to other large-cap coins, and market sentiment has turned significantly negative. Despite the current atmosphere filled with fear, uncertainty, and doubt (FUD) and ongoing selling by retail investors, Ethereum may experience an unexpected rebound once the cryptocurrency market stabilizes.

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