Ethereum traders flip bullish as rest of market remains fearful

Santiment says online Ether chatter turned bullish, but the Crypto Fear & Greed Index tracking wider market sentiment remains at “Extreme Fear.”

Ether traders on social media are more optimistic after the token’s price saw a slight bump on Thursday, even as the rest of the crypto market remained fearful amid a wider downturn.

The uptick in bullish comments on social media was sparked after Ether (ETH) nearly reached $3,500 on Thursday, which traders interpreted as a positive sign that the token was back on track, market intelligence platform Santiment said in an X post. 

On average, Santiment recorded 2.7 bullish comments for every one bearish comment on Ether, which was the highest positive bias since July.

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