Santiment: Ethereum is under short-term pressure, but its long-term prospects are still viewed positively
Analyst Brianq from the on-chain analysis company Santiment stated that Ethereum (ETH) has recently seen a market value decline of 4.7%, far behind XRP and Solana's increases of 36.9% and 32.2%. This sparked controversy over Vitalik Buterin selling ETH, its degree of decentralization, and modular strategy. Despite short-term pressure, the growth in active Ethereum addresses and stable market share are considered to contribute to its long-term strategy to maintain a leading position in the blockchain field. The high negative sentiment on social media may provide opportunities for contrarian investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump Expected to Sign Joint Congressional Resolution to Overturn IRS Crypto Tax Rules
U.S. 30-year Treasury futures extend losses, down 9 points on the day
The probability that the Fed will keep interest rates unchanged in May is 73.4%
Dollar index plunges 1.99% on 10th
Trending news
MoreCrypto prices
More








