Ethereum News: Sentiment Hits Yearly Lows, But Is a Turnaround on the Horizon?

In the world of cryptocurrencies, sentiment can often be a leading indicator of future price movements. Recently, Ethereum (ETH) has seen its investor sentiment reach yearly lows, raising questions about its future prospects. However, some market observers see this as a potential buying opportunity. Here’s a closer look at the current state of Ethereum and what the future might hold.

Ethereum Sentiment Hits Yearly Lows: Is This the Ultimate Contrarian Play?

Ethereum (ETH) is struggling to gain momentum as investor sentiment reaches its lowest point in the last year. Despite the gloom, some see this as a prime opportunity for a turnaround. The second-largest cryptocurrency by market capitalization has underperformed compared to other top assets, with prices hovering around $2,300. Market intelligence platform Santiment reports that the social media buzz around Ethereum is at its most negative level in a year. The shift follows months of declining enthusiasm, with investors becoming overwhelmingly bearish since September 2024. However, Santiment analysts suggest that despite the negativity, there could be a possible buying opportunity for contrarian investors.

Ethereum Addresses Holding Over 10,000 ETH Drop to 919 in Two Weeks

Ethereum (ETH) has struggled below the $2,300 mark for the past few days, following two weeks of massive volatility and aggressive price swings. Since the start of February, ETH has lost over 40% of its value, reflecting the broader market weakness and increasing negative sentiment toward the asset. On-chain data from Glassnode reveals a concerning trend—the number of addresses holding more than 10,000 ETH has dropped to 919, down from 999 in late February. This significant decline suggests that large holders have been offloading their ETH, likely due to strong selling pressure.

ETH Deploys Pectra Upgrade on Sepolia Testnet

The highly anticipated Ethereum’s Pectra upgrade was successfully launched on the Sepolia testnet on March 5, 2025. According to data reported by crypto analyst Crypto Dep, Ethereum CORE developers have activated the Pectra upgrade on testnet, ahead of mainnet launch. Pectra introduces various improvements to boost Ethereum’s scalability, security, and usability. This is the second test phase after the first one on the Holesky testnet failed.

Bybit CEO: 77% of Stolen Ethereum Still Traceable – Critical Week Ahead

The CEO of Bybit has stated that 77% of the stolen Ethereum is still traceable, but the coming week is critical for tracking and freezing the funds. Hackers are expected to move the assets through various platforms. Despite the theft, Ethereum’s price has increased by 7.5% today, with selling pressure waning. The total stolen funds have seen 3% frozen, while 20% have gone dark. Market sentiments have been affected by various factors, including Trump’s tariff war and NATO tensions.