Ethereum Price Stabilizes as Social Sentiment Echoes Pre-Rally

The Ethereum price has surged by a fraction of a percentage in the last 24 hours to trade at $3,107 as social media sentiment for ETH mirrors levels seen before its 2025 price rally.

Analyst Brian Quinlivan of Santiment says this could signal limited downside for Ethereum and potential for a strong recovery. Quinlivan noted that last year, Ethereum’s price surged to a new all-time high of around $4,900 after a period of widespread pessimism, rebounding from a yearly low near $1,470 in April. “ETH took off just as people were really starting to write it off,” he said.

Since its peak, Ether is trading at $3,089 following a $19 billion crypto market liquidation in October, which triggered a broader market downtrend. Over the past 30 days, ETH has fallen roughly 4.6%. Despite this, Quinlivan believes Ethereum is back in its expected position as the second-largest cryptocurrency by market cap.

Coinbase Asset Management president Anthony Bassili shared a similar view, noting that most investors prioritize Bitcoin first, then Ethereum. Network activity is also booming, largely driven by growing interest in staking, which continues to gain traction on social media.

Overall crypto market sentiment remains weak, hovering between “Fear” and “Extreme Fear” since early November, with the Crypto Fear and Greed Index posting 29. The Altcoin Season Index indicates the market is still in “Bitcoin Season,” favoring BTC over altcoins.

Analysts suggest that while Ethereum faces short-term pressure, current sentiment levels could point to stabilization and potential upside in the months ahead.

Ethereum Shows Possible Bullish Reversal After Long Downtrend

Ethereum (ETH) is currently trading around $3,123 after spending several months in a steady downtrend. The chart shows that ETH has been moving inside a descending channel, meaning the price has been making lower highs and lower lows. This pattern confirms that sellers have been in control for a long time.

However, recent price action indicates that the selling pressure may be slowing down as Ethereum finds support near the lower boundary of this channel. The price also bounced from this lower trendline, which often acts as a strong support zone. This bounce shows that buyers are starting to step in, preventing further decline.

Ethereum is now attempting to move higher, and the chart highlights a potential rebound area. If the price can break above the short-term resistance between $3,400 and $3,600, it could confirm a shift in momentum from bearish to bullish. A breakout above this zone would increase the chances of a stronger upward move.

ETHUSD Analysis Source: Tradingview

The RSI (14) is currently around 54, which indicates neutral momentum with a slight bullish bias. Ethereum is not overbought, so there is still room for the price to rise. The RSI has also been recovering from lower levels seen earlier, suggesting improving market strength and growing buyer interest.

Ethereum also appears to be forming a base above the $3,000 level. This price zone has become an important psychological and technical support area. Holding above it is important for maintaining a positive outlook. If ETH stays above this level and continues to make higher lows, it could signal the start of a new upward trend.

If bullish momentum continues, the next major target lies near the $4,400 to $4,600 region, which previously acted as resistance. This area could become the next key price objective for buyers.

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