Ethereum Price Under Pressure as History Points to Rebounds

Ethereum's price has been under pressure due to bearish sentiment in recent weeks. According to Santiment, similar periods of growing pessimism have previously been followed by short-term price recoveries. In fact, historical data shows that Ethereum's price rebounded by as much as 14% and 7% after similar bearish phases.

Despite this positive outlook, the current bearish sentiment is not a guarantee of an immediate recovery. Santiment warns that 'bearish Ethereum sentiment alone does not signal an immediate recovery.' Meanwhile, separate market data indicates that institutional ETF demand continues to rise beneath the surface.