The feeling of ether is close to the levels of ‘down’ before the ‘main run’
Ethereum's declining social media sentiment is mirroring levels similar to those seen before the 2025 price rally, which will ultimately push the asset back to its 2021 all-time high, according to a crypto sentiment analyst.
Sentiment analyst Brian Quinlivan said in a video published on YouTube on Saturday: “Ethereum is really going down, this is going to fall so hard that it's going to argue against us.”
“This is reminiscent of what we saw before Ethereum launched last year,” Quinlivan said.
In the year On August 23, Ether (ETH) hit a new all-time high of nearly $4,900 after recovering sharply from a yearly low near $1,470 in April. The rally marked a multi-month recovery following widespread pessimism on Ethereum.
Quinlivan said the price of Ether is “just when people start writing Ethereum.”
Ethereum has completed its position as “two market caps”.
Ether is trading at $3,089 at press time, down 36% from its all-time high following the $19 billion crypto market liquidation event on October 10.
However, Quinlivan does not see the market as suspicious as it was in early 2025. “I wouldn't say it's happening now. Ethereum is back to being the number two market cap that many people expect,” he said.
“It's been put back on the right level,” he said. Anthony Basile, president of Coinbase Asset Management, expressed a similar view to Cointelegraph in November 2025. “In terms of the first portfolio in the investor community, the very, very clear view is Bitcoin. The next Bitcoin, Ethereum,” he said.
Crypto market sentiment remains in the “fear” state
Quinlivan says he's bullish on the Ethereum network's growth, describing it as “absolutely bountiful.” He said that it was probably due to the growing interest in the stock, which has been the topic of discussion on social media lately.
As sentiment in the broader crypto market continues to hover at low levels, moving between “fear” and “high fear” since early November. On Sunday, the index posted a “fear” score of 29.
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Market participants are still risk-averse away from assets outside of Bitcoin (BTC), according to the Altcoin Season Index, which currently shows a “Bitcoin Season” score of 34 out of 100.
The index oscillates between “Bitcoin Season” and “Altcoin Season” scores based on the performance of the top 100 altcoins relative to Bitcoin over the past 90 days.
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