Despite the swift range of the ether, the mood of small investors in relation to the prospects of the second in capitalization of cryptocurrency worsened, the Santment onchain platform experts said.
According to analysts, retail traders do not believe in the long growth of the ether course and sell their assets that are buying larger investors.
“Traiders demonstrate fear, uncertainty, doubt and distrust, despite the fact that the asset updates local maximums. Bear comments on social networks regarding the ether outweigh optimistic statements, ”Santiment experts said.
When excessive optimism and euphoria reign on the market, this is a sign of greed, historically accompanied by sharp sales and subsidence of the cryptocurrency course, experts explained.
Nevertheless, so far a growing risk appetite creates a favorable environment for the growth of basic digital assets. The ether especially benefits from such a configuration due to the characteristics of the market and the growing tributary of capital through ETH-ETF, Santiment experts suggested.
If the broadcast cannot keep $ 4600 over the next days, then the price correction will begin to $ 4100, analysts believe. In this situation, the pessimistic moods of small traders will increase even more, which will allow large investors to accumulate even more coins, they concluded in Santiment.
Earlier, the Danish economist Henrik Zeberg said that after the rapid growth of the crypto industry, a sharp decline will necessarily begin, which will provoke the collapse of the global financial market.
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Source: Cryptocurrency
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