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Ethereum

Analytics Firm: “The Market Moves Contrary to Expectations, Which Is Why Bitcoin and Ethereum Prices…”

By admin
0 2

Analytics Firm: “The Market Moves Contrary to Expectations, Which Is Why Bitcoin and Ethereum Prices…”

Cryptocurrency analysis firm Santiment has pointed out the striking differences between Bitcoin (BTC) and Ethereum (ETH) in its assessment of investor sentiment.

According to Santiment data, there has been a significant increase recently in the ratio of phrases like “higher” or “above” to “lower” or “below” regarding Bitcoin’s price on social media. It was noted that the wave of “greed” in BTC, in particular, coincided with a new all-time high (ATH) and a local peak. Conversely, the Ethereum investor base, despite its strong performance over the past three months, has not been as optimistic as BTC’s.

According to the company’s analysis, market prices often tend to move against the expectations of retail investors. This suggests a more positive price movement potential for Ethereum compared to Bitcoin. Santiment said that the low “buy the dip” interest, particularly on the ETH side, could leave room for upward price movement.

*This is not investment advice.

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