Ethereum’s much-anticipated London hard fork went live this week, activating EIP-1559 and reviving a bullish bias among retail investors.

Ethereum’s social data has gone haywire in the past 72 hours, signaling market-wide euphoria and increased confidence in the coin’s future performance. And yet, several concerning on-chain markers continue to linger, as the coin hovers around the $3k mark to end the week.

In Santiment’s weekly Pro report, we dive deep into Ethereum’s latest social and network activity, and what it suggests about the current state of the crypto market:

Ethereum bulls awaken

To say that the market was excited about the London hard fork is putting it mildly. According to text data collected from more than 1000 social channels dedicated to crypto, the amount of Ethereum-related mentions soared to a 3-month high on Thursday, mirroring levels that were last seen