Ethereum’s social media sentiment has fallen to levels similar to those seen before its 2025 price surge, according to a crypto sentiment analyst.
The pattern has drawn comparisons to a period that preceded Ethereum’s return to its 2021 all-time highs.
“Ethereum is actually way down, this would argue against us falling too much further,” Santiment analyst Brian Quinlivan said in a YouTube video published Saturday.
“This is kind of reminiscent of what we saw before Ethereum went on its major run last year,” he added.
Echoes Of The 2025 Ethereum Rally
Quinlivan pointed to Ethereum’s sharp rebound during 2025 as a reference point.
On August 23, Ether surged back to its 2021 peak of $4,878.
That move represented a near 70% gain over four months.
The rally followed a steep decline earlier in the year, when Ether fell to a low of $1,472 in April.
According to Quinlivan, the breakout occurred as market confidence in Ethereum was fading.
“Ether’s price took off just as people were really starting to write-off Ethereum,” he said.
Ethereum Holds Firm As Market Number Two
Since hitting its all-time high, Ether has fallen roughly 36%.
It was trading near $3,089 at the time of publication.
The decline followed a $19 billion crypto market liquidation event in October that dragged down the broader market.
Despite the pullback, Quinlivan does not believe Ethereum faces the same skepticism seen earlier in 2025.
“I wouldn’t say that is happening now,” he said.
“Ethereum is kind of back to being an expected number two market cap for a lot of people.”
Coinbase Asset Management president Anthony Bassili has expressed a similar view.
“There’s a very, very clear view in the investor community,” Bassili said previously.
“The right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” he added.
Network Growth And Staking Interest
Quinlivan remains optimistic about Ethereum’s underlying fundamentals.
He described the network’s growth as “absolutely going bonkers.”
He linked the expansion to rising interest in staking.
Staking discussions have become increasingly prominent across social media platforms.
That trend suggests users are engaging with Ethereum beyond short-term price speculation.
Broader Crypto Market Remains Cautious
The wider cryptocurrency market continues to show signs of caution.
Sentiment has hovered between “Fear” and “Extreme Fear” since early November.
On Sunday, the Crypto Fear and Greed Index posted a score of 29.
Market participants remain largely risk-off outside of Bitcoin.
The Altcoin Season Index currently signals a “Bitcoin Season” environment.
The index score of 34 out of 100 reflects weaker relative performance among altcoins.
This backdrop highlights Ethereum’s challenge in gaining momentum despite improving fundamentals.
