Santiment Analyzes Ethereum as Potential Buy Opportunity in 2025
Ethereum has lost $62 billion in market cap over 15 days, with the ETH/BTC ratio down 77% since December 2021. This decline has sparked discussions about a potential reversal due to growing bearish sentiment among investors.
Key points:
- Market intelligence platform Santiment suggests public sentiment often inversely correlates with market movements.
- Factors contributing to Ethereum’s poor performance include competition from Layer-2 solutions, developer delays, high transaction costs, inconsistent narratives, and regulatory scrutiny.
- Standard Chartered predicts that XRP could surpass Ethereum in market cap by year-end.
- Significant sell-offs from long-time holders, including nearly 8,000 ETH sold for $11.8 million, exert pressure on prices.
- Current price of Ethereum is around $1,549, down 4% in the past 24 hours; it recently hit a two-year low of $1,385.
- Technical indicators show oversold conditions (RSI near 36) and potential for price mean reversion if it breaks above $1,800.
- Support level noted at $1,450, while MACD indicates bearish momentum persists.
- Historic support zones might present buying opportunities as ETH approaches critical levels.
Investors may consider monitoring these developments closely for potential entry points.