Santiment: Ethereum has fallen 36% from its local highs. If the market stabilizes, it may see an unexpected rebound

Odaily News Santiment, a crypto market research organization, released a chart report, "Ethereum's market value has fallen 36% from its local high seven weeks ago, resulting in a sharp drop in the number of ETH in a profitable state. Judging from the daily closing data, the current ETH profit ratio hit a four-month low, and the number of profitable tokens also fell to a three-month low. As the second largest cryptocurrency by market value, Ethereum has underperformed other large-cap currencies, and market sentiment has fallen significantly negative. Although there is currently a lot of panic (FUD) and retail investors continue to sell, once the crypto market stabilizes, Ethereum may usher in an unexpected rebound."