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

The crowd has been wrong about Ethereum before. It appears to be wrong again. Blockchain analytics platform Santiment recorded Ethereum’s crowd sentiment turning sharply bearish for the third time in roughly 30 days on July 24-25, 2026. The positive-to-negative commentary ratio fell to 1.089, a reading that places collective social mood at its most pessimistic in three months. Meanwhile, ETH proceeded to rally approximately 17%, suggesting the crowd’s gloom arrived right on cue to mark a floor. What the numbers actually say That dynamic played out twice before the July 24-25 reading. On June 27, ETH sentiment hit a bearish extreme, and the price subsequently climbed 14%. A second sentiment trough arrived on July 11, followed by a 7% gain. The third trough, recorded late July, preceded the broader 17% move that brought ETH from the $1,850-$1,900 range toward levels more consistent with a recovering market. For context, ETH’s realized price, a metric representing the average cost basis of all coins weighted by when they last moved on-chain, sat near $2,304 during this period. That means coins were trading roughly 17% below what the average holder paid for them, a condition that histo...