Ethereum (ETH) social sentiment has collapsed into an extreme fear zone as price continues to slip, down 12% over the past week. Bearish posts now dominate social media as the token trades near $1,626.
Santiment data shows the ratio of positive to negative commentary at one of its lowest levels this year. However, the firm suggested this is “where markets become most dangerous for bears.”
Ethereum Fear Reaches the Zone Where Bears Usually Get Trapped
Santiment reported that traders have largely written off Ethereum after months of underperformance against Bitcoin (BTC) and other large-cap assets.
The cryptocurrency re-entered the extreme fear zone on June 9, with the positive-to-negative commentary ratio near 1.09. The firm noted that this zone has historically acted as a buy signal.
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The contrast with April is stark. On April 22, the crowd flashed extreme greed with Ethereum above $2,400, which Santiment flagged as an ideal sell point. The token has since lost roughly 32% of its value.
“Historically, Ethereum has tended to rebound when social sentiment reaches extreme FUD levels because prices frequently move opposite to the crowd’s expectations. When traders become overwhelmingly convinced that an asset will continue falling, much of the selling pressure has already been exhausted,” the post read.
Sentiment is not the only flag. Trader Ash Crypto also pointed to another key signal. He compared the current breakdown to June 2022, when ETH collapsed before staging a reversal.
“Back in June 2022, ETH broke through every support level and crashed to $880. Everyone gave up on it. That turned out to be the exact bottom of the whole bear market,” he said.
He argued the current drop mirrors June 2022, sharing the same timing, breakdown, and chart structure. After peaking at $4,953 in August 2025, ETH has fallen sharply.
The price has broken below its weekly 200-day moving average at $2,471, leaving $1,500 as the next support to watch.
“Two ways this plays out: If ETH holds $1,500, this could play out exactly like June 2022. The people who bought that bottom made 5x over the next 18 months. If ETH falls below $1,500 on a weekly close, the next support is all the way down near $1,000. Nothing to stop the fall in between,” the analyst added.
ETF Outflows and Oversold Signals Cloud the Rebound Case
Despite these signals, ETH still faces real obstacles. Institutional demand remains weak. SoSoValue data shows ETH spot ETFs have logged outflows for 4 straight weeks, a sign that large investors are still pulling back.
