#ETHRally Santiment: Ethereum whales absorb sales from "incredulous" traders amid the rebound

Despite Ether finally approaching its all-time high of $4,878 again, conversations on social media show that retail traders remain skeptical of the current rebound, according to Santiment.

Santiment: Ethereum whales absorb sales from "incredulous" traders amid the rebound

Market news

Conversations on social media show that retail traders cannot believe the recent rebound of Ether and are selling their holdings to be absorbed by large cryptocurrency buyers, the cryptocurrency sentiment tracking platform Santiment stated.

"Traders have shown FUD [fear, uncertainty, and doubt] and disbelief as the asset reaches increasingly higher prices," Santiment said in a post on X on Tuesday, showing that bearish comments on social media about Ether

ETH

€3958

outnumber bullish remarks.

Ether showing "very little resistance to sentiment"

Santiment explained that prices often move in the opposite direction to the expectations of retail traders. When too many traders become excessively bullish, it can signal greed in the market, which has historically been followed by sharp declines.

"There was a case of extreme greed on June 16, 2025, and July 30, 2025, which led to price corrections," said Santiment.

Santiment says that the disbelief of retail traders in Ether only helps the price of Ether. Source: Santiment

Both pullbacks followed a significant drop earlier this year. In April alone, Ether plummeted 60% from its January high, falling below $2,000, according to data from CoinMarketCap.

However, Santiment stated that smaller retail traders are showing more fear in the current rebound, leading them to sell their Ether holdings. $ETH