As Ether approaches its all-time high of $4,878, retail traders express skepticism on social media, leading to a sell-off of their holdings to larger investors, according to crypto sentiment-tracking platform Santiment. The platform notes that the bearish commentary significantly outweighs bullish sentiments among retail traders. Historically, market prices tend to move contrary to retail expectations, and high levels of bullish sentiment may indicate market greed, resulting in corrections. Recent data indicated that smaller traders, fearing a price pullback, are increasingly selling their Ether, allowing substantial stakeholders to acquire these assets. Currently, Ether is trading at $4,622, about 5.53% below its historic peak. Despite some traders forecasting a potential price further increase, others believe Ether has peaked, reflecting a divided sentiment among traders. This trend contributes to Ether’s recent 53% price increase over the last month, highlighting the ongoing volatility and investor caution in the cryptocurrency market.

Source 🔗