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\n\t\t\t\t\t\t\t\t\tRetail traders have written off Ethereum as it falls to bear market lows, but there could be a positive outcome.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The \u201ccrowd has written off Ethereum,\u201d reported Santiment on Tuesday. However, this makes the probability of a rebound \u201csubstantially higher,\u201d it added.<\/p>\n
The onchain analytics platform said that Ethereum\u2019s social sentiment has fallen into an \u201cextreme fear zone\u201d as traders react to months of underperformance relative to Bitcoin and many other altcoins.<\/p>\n
The recent selloff has been amplified by ongoing debate surrounding the Ethereum Foundation, criticism of its leadership and priorities, and controversial comments from Vitalik Buterin that have \u201cfueled further uncertainty.\u201d<\/p>\n
Positive-to-negative commentary has dropped to one of its lowest levels of the year, indicating that bearish<\/a> narratives are now dominating social media, said Santiment.<\/p>\n The same situation unfolded when ETH prices tanked to similar prices in April 2025. The FUD hit record levels, and everyone cried, \u201cEthereum is dead.\u201d<\/p>\n Four months later, it had tripled in price to an all-time high.<\/p>\n \u201cHistorically, Ethereum has tended to rebound when social sentiment reaches extreme FUD levels because prices frequently move opposite to the crowd\u2019s expectations.\u201d<\/p>\n<\/blockquote>\n When traders become overwhelmingly convinced that an asset will continue falling, much of the selling<\/a> pressure has already been exhausted, it added.<\/p>\n \u270d\ufe0f TL;DR: Crowd has written off Ethereum, making the probability of a rebound substantially higher \ud83d\udcc9 Ethereum\u2019s social sentiment has fallen into an extreme \u201cfear zone\u201d as traders react to\u2026 pic.twitter.com\/XHAf2KglbR<\/a><\/p>\n \u2014 Santiment Intelligence (@SantimentData) June 9, 2026<\/a><\/p>\n<\/blockquote>\n According to Glassnode, the share of ETH supply held at more than 3x profit has dropped to just 11%, its lowest level since 2017. Ether\u2019s profitability profile has \u201cfundamentally compressed\u201d relative to prior cycles, it added<\/a>.<\/p>\n To add balance, Bitcoin\u2019s supply in loss has hit a new yearly high of 50%, so the bear market is battering all crypto assets.<\/p>\n Ether price continues to weaken in the short-term, with it tapping an intraday low of $1,620 twice over the past 24 hours.<\/p>\n With no current drivers or momentum, a fall back towards $1,500 is looking highly likely. This level serves as a major support zone, as it did 14 months ago, when Ether was going through the same pain.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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\ud83d\udcca Metrics Used: Positive vs. Negative Commentary Ratio
\ud83d\udd17 Link: https:\/\/t.co\/vCjlfHHuGE<\/a><\/p>\nETH Price Outlook<\/h2>\n
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