Ethereum’s performance has been notably weak, with a recorded 4.7% decline in stark contrast to the significant gains of 36.9% for XRP and 32.2% for SOL. This disparity has left many Ethereum holders frustrated.
Centralization issues are amplifying doubts about Ethereum’s future, particularly due to the influence of major players like Coinbase, Binance, and Lido Finance. Vitalik Buterin’s ETH sales exacerbate these worries, leading to a loss of confidence among the community.
Despite the negativity surrounding ETH, Santiment posits that this bearish outlook might inadvertently position ETH for a price increase. Continued sales pressure from retail traders could facilitate an upward movement beyond the $4,000 mark in the near future.