Ethereum Rockets 61% in a Month—Is Social Media Hype Setting the Stage for a Pullback?

Ethereum's blistering 30-day rally has traders buzzing—and sweating. The second-largest crypto by market cap just posted Bitcoin-level gains, but now the fear of 'too much, too fast' creeps in.

When retail FOMO meets overleveraged degens

Social metrics show euphoria hitting levels that typically precede corrections. Remember: what goes vertical usually comes down hard—especially when fueled by leverage-happy traders treating crypto like a casino ATM.

The institutional wildcard

Unlike 2021's meme-driven mania, this run has actual fundamentals: Ethereum's layer-2 ecosystem is swallowing enterprise adoption whole. That might just cushion any incoming drop—or turn it into a buy-the-dip frenzy for the suits.

Either way, buckle up. Crypto winters start when summer feels hottest.

The recent surge in ethereum price has raised eyebrows in the crypto community. Over the past 30 days, Ether (ETH) has rallied an impressive 61%, bringing its current price to $3,851.62.

Despite this positive momentum, analysts are now raising cautionary signals, warning that social media euphoria surrounding the asset might signal an impending price correction.

Social Euphoria: A Red Flag for Ethereum Price?

According to sentiment analysis provider Santiment, ethereum price’s recent rally is accompanied by an extreme surge in social media mentions and social dominance.

This spike, Santiment says, could indicate that the market is overheated, making Ethereum vulnerable to a pullback.

The firm noted that since early May, the ratio of Ethereum price against Bitcoin surged by 70%, fueling the euphoria that has translated into widespread social discussions.

Santiment defines social dominance as the percentage of social media discussions around a specific cryptocurrency compared to others.

When a cryptocurrency’s social dominance spikes to unusually high levels, it can be a signal of overvaluation. This often leads to crowded trades and eventually increases the risk of a price correction.

Santiment’s report highlighted that such conditions typically suggest that the asset is over-hyped and may face a near-term decline.

While social media sentiment may indicate potential overvaluation, not all indicators point to an imminent price drop.

Ethereum has gained 51.84% over the past 30 days, but other market signals suggest that there is still room for the rally to continue.

Santiment also pointed out that memecoins like Dogecoin currently have low social dominance, which is not characteristic of market tops.

Historically, market peaks have been marked by broad, irrational speculation, where social dominance in various assets spikes.

The current low social dominance for memecoins could indicate that we have not yet reached the peak of the market, suggesting that Ether might have more room to run before any significant pullback happens.

The Impact of Corporate Adoption on Ethereum Price

Another factor that could extend Ethereum’s price momentum is the growing corporate treasury interest in the asset.

Several major companies, such as SharpLink Gaming and Bitmine Immersion Technologies, have been ramping up their purchases of Ethereum. It indicates an accumulation trend that some analysts are calling “the Michael Saylor for Ether.”

This surge in institutional adoption is potentially a strong bullish signal for Ether’s future price.

Galaxy Digital CEO Michael Novogratz also weighed in on Ethereum’s potential. He predicted that Ethereum price could outperform Bitcoin in the coming months.

He pointed out that the supply of Ether is relatively limited. Demand from both individual investors and institutional players might push the price higher, according to him.

Given the growing treasury adoption and Ethereum’s utility as a smart contract platform, these factors could lead to sustained buying pressure in the coming months.

What Does the Data Show?

As of July 2025, Ethereum’s price sits at $3,750, up from just over $2,500 in late June 2025, representing a 51.84% increase in a short period.

During this time, social media mentions have surged, with Ether dominating discussions across platforms like Twitter (X) and Instagram.

These metrics are important, as they highlight the growing retail interest and market buzz surrounding Ethereum, which has led to its recent price rally.

However, despite these bullish indicators, Santiment’s warning of potential overvaluation remains valid. As the price of Ethereum climbs, the risk of social euphoria setting in increases, potentially leading to a near-term correction.

If Ethereum’s rally is driven by social media speculation rather than fundamentals, the market could be in for a cooldown phase once the speculative HYPE subsides.