{"id":26711,"date":"2025-05-14T11:16:48","date_gmt":"2025-05-14T11:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/ethereums-49-rally-in-6-days-catches-doubters-off-guard-santiment\/"},"modified":"2025-05-14T11:16:48","modified_gmt":"2025-05-14T11:16:48","slug":"ethereums-49-rally-in-6-days-catches-doubters-off-guard-santiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26711","title":{"rendered":"Ethereum\u2019s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment"},"content":{"rendered":"
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Ethereum (ETH) has roared back into the spotlight with a vengeance, surging over 49% in just 6 days to briefly flash past $2,700, a price point not seen since February 23.<\/p>\n

The rally, which began on May 7 after ETH bottomed near $1,800, has reignited talk of the long-dormant \u201cflippening\u201d narrative, in which Ethereum could overtake Bitcoin (BTC) in market capitalization.<\/p>\n

From FUD to FOMO<\/h2>\n

According to a May 13 report<\/a> from Santiment, Ethereum\u2019s six-day run, which took it from under $1,800 to over $2,700, marked one of the sharpest rebounds in recent memory and triggered a dramatic shift in sentiment.<\/p>\n

Analyst Brian Q partly attributed the turnaround to crypto\u2019s deeply irrational crowd behavior. He noted that just a week ago, social media was rife with jokes about Ethereum\u2019s underperformance, with bearish price calls for ETH dominating online conversations between May 6 and 7 as the asset lagged behind rivals.<\/p>\n

However, once the rally started on May 8, the mood flipped dramatically, as retail traders scrambled to justify entry points, with some speculating on the altcoin going to $3,500 and beyond.<\/p>\n

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\u201cWe can really see how price calls across social media have done a complete 180 as doubters have been silenced by Ether\u2019s rally,\u201d wrote Brian Q.<\/p>\n<\/blockquote>\n

Santiment also noted how years of underperformance had conditioned the market to dismiss Ethereum, only for the world\u2019s second-largest cryptocurrency by market cap to pump when least expected.<\/p>\n

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\u201cWith dismissal from the crowd,\u201d the report stated, \u201ccomes massive pumps that blindside the doubters.\u201d<\/p>\n<\/blockquote>\n

Institutional Moves and On-Chain Signals<\/h2>\n

Interestingly, the rally coincided with aggressive accumulation by some institutional players. On-chain tracker Lookonchain reported that in the last week, London-based Abraxas Capital bought<\/a> 242,652 ETH worth some $561 million, with 185,309 ETH<\/a> valued at $400 million plucked from exchanges in just 72 hours.<\/p>\n

Experts say ETH\u2019s price action is more than just a short squeeze, with analyst Rekt Capital pointing out<\/a> that the cryptocurrency closed last week at $2,514, officially reclaiming its macro $2,200 to $3,900 range lost in the first quarter of 2025.<\/p>\n

\u201cAny dips, if needed at all, would only solidify $2,200 as range-low support,\u201d he wrote on May 12, while also highlighting the asset\u2019s attempts to fill a macro CME gap between $2,900 and $3,350.<\/p>\n

Adding to Ethereum\u2019s strength is the surprisingly low network fee environment. Previously, Santiment noted that average transaction fees remain around $0.84, well below the $7+ seen six months ago, removing a common barrier to adoption.<\/p>\n

However, cautious voices have warned that the current trading zone between $2,400 and $2,700 could be a consolidation phase before the next leg up or a possible shakeout. According to Daan Crypto Trades, if momentum falters, there may be a possible retest down to $2,300 or even $2,100.<\/p>\n

The post Ethereum\u2019s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) has roared back into the spotlight with a vengeance, surging over 49% in just 6 days to briefly flash past $2,700, a price point not seen since February 23. The rally, which began on May 7 after ETH bottomed near $1,800, has reignited talk of the long-dormant \u201cflippening\u201d narrative, in which Ethereum could […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26711","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26711"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26711\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}