The recent rise in Ether's price is bewildering retail traders, while large investment players are actively buying up assets. Sentiment-tracking platform Santiment reports negative sentiments dominating social media.
Mixed Sentiments Among Traders
According to data from Santiment, many retail traders are experiencing fear, uncertainty, and doubt regarding the current rise in Ether. This has led to negative comments on social media about Ether prevailing over positive ones. "Traders have shown FUD and disbelief as the asset makes higher and higher prices," Santiment notes.
Current Fluctuations of Ether
Santiment explains that, amid the prevailing discontent among retail traders, major players are buying assets that smaller traders are willing to sell. This combination of factors creates conditions for rising prices of Ether, which show "very little sentiment resistance" in reaching new records.
Price Predictions for Ether
Ether is approximately 5.53% off its all-time high of $4,878, which it hasn’t reclaimed since reaching it in November 2021. Currently, Ether is trading at $4,622, up 7.95% over the past 24 hours. Some traders hope for further rises, with opinions varying: some predict Ether "is about to break out of its 4-year sideways range," while others go further, forecasting its price at $10,000.
Thus, the current situation in the Ether market demonstrates a divergence of opinions between retail traders and large investment institutions, creating potentially interesting conditions for future price movements.
