Ethereum (ETH) has settled into the focus of investors, surpassing the $4,000 level for the first time since December 16, 2024. The number of bullish comments on social media has doubled compared to bearish ones.
Activity in the cryptocurrency market has increased again in recent days. The price of Ethereum has crossed the psychological threshold of $4,000, which it had struggled to surpass for a long time. This rise is reflected in the language of investors on social media. There has been a significant increase in the use of positive tags such as #buying, #bought, #bullish, #higher, while the use of negative tags like #selling, #sold, #bearish, #lower has decreased by half. This situation shows that individual investors are taking a strong bullish position.
Analysts note that while sharing the excitement of investors, they are pointing out this increasing trend of extreme optimism on social media. In cryptocurrency markets, especially the intense purchases made by individual investors due to FOMO (fear of missing out) have historically paved the way for short-term corrections.
Extreme FOMO could slow the rally
If Ethereum maintains its position above $4,000, it is expected that the price may move towards historical peaks again. However, analysts remind that the excessive bullish expectations forming at current levels could lead to corrections that may slow down the price in the short term.
Currently, market participants are closely watching whether Ethereum can maintain the $4,000 level as a new support point. If strong momentum continues, the possibility of ETH reaching higher levels in the coming weeks is among the probabilities.