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Ethereum FUD Spikes On Social Media After 13% Price Drop: Bottom Signal?

According to data from the analytics firm Santiment, traders on social media have become bearish toward Ethereum following the price drawdown. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about whether the social media users are bullish or bearish toward a given coin.

The metric works by going through the major social media platforms to filter for posts/threads/messages that contain at least one mention of the asset. It then puts these posts through a machine-learning model to determine whether the comments are positive or negative.

Ethereum FUD Spikes On Social Media After 13% Price Drop: Bottom Signal?

According to data from the analytics firm Santiment, traders on social media have become bearish toward Ethereum following the price drawdown. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about whether the social media users are bullish or bearish toward a given coin.

The metric works by going through the major social media platforms to filter for posts/threads/messages that contain at least one mention of the asset. It then puts these posts through a machine-learning model to determine whether the comments are positive or negative.

https://bitcoinist.com/ethereum-fud-spikes-social-media-13-price-bottom/