On February 8th, crypto market research firm Santiment released a chart report that the market value of Ethereum has fallen by 36% since the local high 7 weeks ago, resulting in a sharp decrease in the number of ETH in the profitable state. From the daily closing data, the current ETH profit ratio hit a new low in 4 months, and the number of profitable tokens also fell to the lowest level in 3 months.
As the second largest cryptocurrency by market capitalization, Ethereum has underperformed other large-cap currencies, and market sentiment has fallen into a significant negative. Despite the current panic (FUD) and continued retail selling, once the crypto market stabilizes, Ethereum may usher in an unexpected rebound.
Santiment: Ethereum has fallen 36% since local highs, should the market stabilize or usher in an unexpected rebound
2025-02-08 09:24:01
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