Ethereum’s falling social media sentiment reflects levels similar to those seen before the 2025 price rally that ultimately pushed the asset back to all-time highs dating back to 2021, according to a cryptocurrency sentiment analyst.
“Ethereum has actually fallen, which would support us not falling too much,” Santiment analyst Brian Quinlivan said in a video published to YouTube on Saturday.
“It’s kind of reminiscent of what we saw before Ethereum rose to the top last year,” Quinlivan said.
On August 23, Ether (ETH) rose to a novel all-time high around $4,900, surpassing its previous 2021 high after rebounding sharply from a yearly low near $1,470 in April. According to to CoinGecko data. The rally marked a mighty, multi-month recovery after a period of widespread pessimism towards Ethereum.
Quinlivan said the price of Ether “picked up right when people were really starting to write off Ethereum.”
Ethereum has established itself as the “number two market cap”
Ether’s value has since fallen 36% from its all-time high, trading at $3,089 at press time, after a $19 billion cryptocurrency market liquidation on October 10 led to a broader market downtrend.
However, Quinlivan doesn’t see the market as questionable about Ethereum’s rise in early 2025. “I wouldn’t say that’s happening right now. Ethereum has kind of moved back to what many people expected to be the number two market cap,” he said.
“Once again it has been classified appropriately,” he said. Coinbase Asset Management CEO Anthony Bassili expressed a similar view to Cointelegraph in November 2025. “There is a very, very clear view in the investing community that the right first wallet is Bitcoin. The next one is Bitcoin, Ethereum,” he said.
Cryptocurrency market sentiment remains in “fear” territory.
Quinlivan said he was confident about the development of the Ethereum network, describing it as “absolutely crazy.” He said this is likely due to the growing interest in staking, which has been a warm topic on social media lately.
This comes as sentiment in the broader cryptocurrency market continues to fluctuate at low levels, ranging from “fear” to “extreme fear” since early November. On Sunday, Index published a “Fear” score of 29.
Related: Ethereum co-founder reaffirms support for Roman Storm, citing privacy
According to Altcoin Season, market participants are still in risk-off mode away from assets beyond Bitcoin (BTC). Indexwhich currently shows a “Bitcoin Season” score of 34 out of 100.
The index switches between “Bitcoin Season” and “Altcoin Season” performances based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
Warehouse: How cryptocurrency regulations have changed in 2025 – and how they will change in 2026
