Ethereum whales scoop sales by traders in ‘disbelief’ of rally: Santiment

Despite Ether finally edging back toward its all-time high of $4,878, chatter on social media shows retail traders remain skeptical and in disbelief, according to Santiment.

Social media chatter shows retail traders are in disbelief about Ether’s recent rally and are selling off their holdings to be scooped up by large crypto buyers, says the crypto sentiment-tracking platform Santiment.

“Traders have shown FUD [fear, uncertainty and doubt] and disbelief as the asset makes higher and higher prices,” Santiment said in an X post on Tuesday, showing that bearish social media commentary on Ether (ETH) outweighs bullish remarks.

Santiment explained that prices often move in the opposite direction to retail traders’ expectations. When too many traders turn overly bullish, it can signal greed in the market, which has historically been followed by sharp sell-offs.

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