Ethereum’s on-chain activity surges and bullish sentiment spikes

However, in the past, this has been a bad omen for Ethereum's short-term price.

Dear Crypto Asset Investors,

Ethereum-related sentiment is turning bullish, but this could be a bad sign for ETH. Two weeks ago, there was a predominantly bearish sentiment towards Ethereum on crypto-related social media, which often preceded short-term bounce-backs in the past and earmarked Ethereum’s recent price recovery.

Based on Santiment’s data from…