Ethereum crowd sentiment hits three-month low as price rises 17%

Santiment data suggests Ethereum’s crowd sentiment turned extremely bearish three times in about a month, with the positive-to-negative commentary ratio falling to 1.089 on July 24-25, 2026. Historically, these pessimistic spikes preceded ETH rebounds, and in this case Ethereum rose about 17% after the latest sentiment trough, climbing from the $1,850-$1,900 area while trading roughly 17% below its realized price near $2,304. The article argues the move was driven more by macro conditions than Ethereum-specific catalysts, while persistent spot Ethereum ETF inflows contrasted with weak social sentiment. The overall takeaway is that retail traders were overly bearish at the same time institutions appeared to be accumulating, which may support a bullish medium-term setup for ETH despite mixed broader crypto market performance.