The cryptocurrency sentiment tracking platform Santiment indicates that discussions on social media show retail investors are incredulous about Ethereum's recent rise and are selling off their holdings, while large crypto buyers are collecting these chips.
Santiment stated in a post on the X platform on Tuesday: "As the asset's price continues to hit new highs, traders are exhibiting FUD (fear, uncertainty, doubt) and disbelief in the market." Data shows that bearish comments about Ethereum on social media outnumber bullish ones.
Santiment pointed out that price movements often contradict retail expectations. When too many traders become extremely bullish, it often represents a market sentiment of greed, which historically has triggered rapid pullbacks.
Santiment noted: "Extreme greed was observed on June 16 and July 30, 2025, leading to price corrections."
The aforementioned two pullbacks occurred after a significant drop earlier this year. According to CoinMarketCap, until April, Ethereum had fallen 60% from its January peak and dropped below $2000.
However, Santiment stated that currently, small retail traders are experiencing stronger panic and are selling off Ethereum.
Santiment highlighted: "Key holders are absorbing the tokens that small ETH traders are willing to sell, with almost no emotional resistance in price, and a breakthrough to new highs is expected in the future."
On-chain analysis platform Glassnode stated on Monday that the selling volume of short-term Ethereum holders exceeds that of long-term holders, which may indicate that short-term traders expect a price pullback.
Ethereum is approximately 5.53% away from its all-time high of $4878 and has not returned to that peak since November 2021. The current price of Ethereum is $4622, having risen 7.95% in the past 24 hours.
Some traders believe Ethereum has peaked, but many others predict that its price will rise further in the short term.
Crypto trader Ted stated that Ethereum is "about to break out of its 4-year consolidation range, but some are still calling a top."
Another crypto trader, Inmortal, expressed that Ethereum is "breaking free from the gravitational pull, preparing to hit $10,000."
Related: Grayscale launches two trust products related to the Sui ecosystem protocol.
Original article: “Santiment: Ethereum (ETH) whales are aggressively accumulating while traders are 'hesitant'”
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