New data from the market intelligence firm Santiment finds that Ethereum is flashing a bullish signal as investors gobble up Bitcoin (BTC) during a market correction.

In a new thread on X, the crypto analytics platform states that traders appear to have an avaricious appetite for the top crypto asset by market cap, snapping it up during the latest market dip over Ethereum (ETH) despite the top altcoin seeing significant gains recently.

“Here are the mentions of ‘lower’ or ‘below’ and ‘higher’ or ‘above’ in relation to Bitcoin’s and Ethereum’s price levels. We can see that the greed spike on BTC coincided perfectly with the ATH (all-time high) and local top.

Meanwhile, the ETH crowd hasn’t shown nearly as much bullishness despite significantly better performance over the past three months. Since prices typically move the opposite direction of retail’s expectations, the current outlook shows a slightly more bullish path for Ethereum due to the lack of interest in dip buying compared to Bitcoin.”

Source: Santiment/X

Santiment goes on to note that it sees the second-largest digital asset by market cap shattering its previous all-time high set in 2021 relatively soon, citing disbelief among crypto market participants.

“Ethereum is [close to] its $4,891 all-time high from November 16, 2021. There have been consistent sell-offs from retail traders as crypto’s #2 market cap has made this historic rally. Prices historically move in the opposite direction of retail traders’ expectations.

There was an instance of extreme greed back on June 16, 2025 and July 30, 2025, which led to price corrections. But traders have shown FUD (fear, uncertainty, and doubt) and disbelief as the asset makes higher and higher prices.

With key stakeholders accumulating loose coins that small ETH traders are willing to part with right now, prices are showing very little sentiment resistance from breaking through and making history in the near future.”

Source: Santiment/X

Ethereum is trading for $4,335 at time of writing, down over 3% in the last 24 hours.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney