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Ethereum’s 49% Rally in 6 Days Catches Doubters Off Guard: Santiment

  • Ethereum (ETH) surged over 49% in just 6 days, reaching $2,700, a price point not seen since February 23.
  • The rapid rally reignited talks of Ethereum potentially overtaking Bitcoin in market capitalization, known as the 'flippening' narrative.
  • The surge in Ethereum's price was unexpected, catching doubters off guard, with sentiment shifting from FUD to FOMO.
  • Institutional players, like London-based Abraxas Capital, aggressively accumulated ETH while on-chain data showed positive signals for Ethereum's price action.

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