According to a crypto sentiment analyst, declining social media sentiment for Ethereum reflects similar levels to prior to the 2025 price rally that eventually drove the asset back to its all-time high in 2021.
“Ethereum is definitely way down, that will argue against us falling any further,” Santiment analyst Brian Quinlivan said in a video posted to YouTube on Saturday.
“This is a bit of harking back to what we saw before Ethereum had its big run last 12 months,” Quinlivan said. According to CoinMarketCap, Ether (ETH) rose back to its 2021 all-time high of $4,878 on August 23, marking a gain of nearly 70% in 4 months, after falling to a one-year low of $1,472 on April 9.
Quinlivan said that the worth of Ether “skyrocketed just when people really began to put in writing off Ethereum.”
Ethereum has consolidated its position as “number two in market capitalization.”
Since then, Ether has fallen 36% from its all-time high, trading at $3,089 on the time of publication, following a $19 billion crypto market liquidation on October 10 that led to a broader market downtrend.
The price of Ether has fallen by 4.64% within the last 30 days. Source: CoinMarketCap
However, Quinlivan now not sees the market as dubious about Ethereum's upside because it was in early 2025. “I wouldn't say that's happening now. Ethereum is back to kind of the expected second-largest market cap for lots of people,” he said.
“It’s rated appropriately once more,” he said. Anthony Bassili, president of Coinbase Asset Management, expressed an identical view to Cointelegraph in November 2025. “There is a really, very clear view within the investing community that the correct first portfolio is Bitcoin. Next is Bitcoin, Ethereum,” he said.
The mood within the crypto market stays within the “fear” zone
Quinlivan said he’s optimistic about Ethereum’s network growth, describing it as “absolutely crazy.” He said this was likely as a result of the growing interest in staking, which has been a hot topic on social media recently.
This comes as sentiment across the broader crypto market continues to stay at low levels, moving between “fear” and “extreme fear” since early November. On Sunday, the index posted a “fear” rating of 29.
According to the Altcoin Season Index, which currently has a “Bitcoin Season” rating of 34 out of 100, market participants are still risk-averse to assets outside of Bitcoin (BTC).
The index alternates between “Bitcoin Season” and “Altcoin Season” values based on the performance of the highest 100 altcoins in comparison with Bitcoin over the past 90 days.
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