Altcoin King Ethereum $1,900.00While the decrease in the price of the (ETH) price continued, the general emotional tendency of investors and community has also worsening significantly. The latest report published by the crypto analysis platform centimeter reveals that although Ethereum is the largest subcoin compared to its market value, investors’ trust is approaching the lowest levels of the year. It is seen that positive expressions are gradually decreasing and negative opinions have increased significantly in social media.
Trust to Ethereum is constantly falling in recent months
According to the data of centimeted, the ratio of positive comments to Ethereum to negative comments fell to the lowest levels during the year. Eth When the price decreased below 2 thousand dollars, a significant pessimism occurred in the community.
Graphic Analysis reveals that at every stage when the price drops, Ethereum’s perception that it performs even worse has spread among social media users. Especially in the last few weeks, it is observed that the loss of confidence in Ethereum has accelerated with price movements.
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Ethereum priceWhile the current level is around 865 dollars, market uncertainty and investor concerns continue. The idea that the downward pressure on prices will continue makes investors more cautious. The increase in expressions defined as fear, uncertainty and suspicion (FUD) in social media comments also supports this pessimism.
The probability of unexpected price movement is increasing
Experts, Ethereum community in the intense negative air of the reversal of the potential to say. Centimeter experts see that excessive pessimism can trigger unexpected price increases. In similar situations in the past altcoin Pointing out that the king is experiencing strong and unexpected price jumps, experts emphasized that extreme negative emotion can prepare a positive surprise on the market.
It is stated that the current negative perception in Ethereum causes investors to keep market expectations lower. Experts, any positive news or development that may come under these conditions ETH priceHe thinks he can cause rapid and harsh rises. Opinions that Ethereum has become open to unexpected movements in the short term lead to the formation of new scenarios in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
