Ethereum Sentiment At Historic Lows: Will Prices Follow Suit?

Investors could be turning away from Ethereum (ETH). Uncertainty surrounding the timing of a move to a Proof of Stake mechanism, and fears of a price crash, have led to a significant decline in market sentiment.

Hunter S. Thompson once famously observed that “There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge,” but there seems to be little chance of one occurring any time soon: investors appear to be demonstrating both fear and loathing toward the smart contract platform that has promised so much.

According to sentiment analysis from TheTIE, Ethereum’s tweet volume – which measures the asset’s popularity on social media – is at its lowest level since at least December 2017. “We are seeing under 6,000 Ethereum tweets a day,” explained TheTIE’s CEO, Joshua Frank. “Compare that to the beginning of last summer when there were nearly 16,000 tweets per day.” Read More at CryptoBriefing...

#ETH #Bearish

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