ETH at $3.5k: Analyzing the 'yellow flags'

There seems to be nothing that can stop Ethereum at the moment.

The second largest cryptocurrency has gained +51.1% in the last 2 weeks, on its way to the $3.5k mark where it currently resides.

Is it time to chill? How sustainable is Ethereum’s ATH rally, exactly?

Let’s see what the data tells us.

To no one’s surprise, the amount of ETH-related mentions on crypto social media has skyrocketed in the past two weeks, growing by +255.3% between April 24th and May 3rd:

ETH, social volume, past 6 months (Source: Sanbase)

In fact, May 3rd saw the biggest single-day social volume for Ethereum since the coin’s launch, dwarfing even the height of the 2017 bull run:

ETH, social volume, all time (Source: Sanbase)

Safe to say that the crowd is feeling more than a little euphoric about Ethereum’s current foray

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!