Bearish Mood Dominates Ethereum, Yet Strong Trendline Support Holds Firm

• Ethereum’s sentiment is at a year-low signaling potential price reversals if market conditions stabilize.
• ETH is above a trendline support holding since 2020, suggesting resilience despite bearish sentiment.
• A price rebound is possible if Ethereum maintains higher lows, with institutional interest potentially boosting confidence.

Ethereum’s sentiment has reached a year-low, reflecting growing bearishness in the crypto market. Social media trends indicate declining confidence in ETH. The asset has underperformed compared to top cryptocurrencies. However, historical patterns suggest that extreme negativity often signals a potential reversal. If market stability improves, Ethereum could see a strong rebound.

Ethereum Sentiment Correlates With Price Trends

Santiment claims that between March and September 2024, Ethereum’s sentiment increased. During this time, rising optimism coincided with the price increase of ETH. But after September, mood became more pessimistic, which caused the price to drop.

As Ethereum’s price declined between September 2024 and March 2025, unfavorable sentiment increased. The yellow-barred sentiment index had a bullish peak in September before plummeting. This correlation indicates that market sentiment strongly influenced Ethereum’s movement.

Moreover, a notable inverse relationship developed between sentiment and price trends. As bullish sentiment peaked, Ethereum reached its high. When sentiment reversed downward, ETH declined. This suggests traders heavily reacted to collective sentiment.

Ethereum Holds Strong at Key Trendline Support

Despite bearish sentiment, Ethereum remains above a crucial long-term support level. Crypto analyst Crypto Caesar highlights a strong ascending trendline that has held since 2020. Ethereum has tested this support multiple times and bounced each time.

Recently, ETH dropped to this trendline near $2,186, recording an -8.66% loss in the latest session. However, the trendline remained intact, signaling ongoing strength. If Ethereum holds this level, history suggests a potential price recovery.

Ethereum’s long-term uptrend remains valid. Every previous test of this trendline resulted in an upward move. As long as ETH maintains higher lows, bullish momentum could return. A projected path shows a possible continuation toward higher price levels.

Additionally, the black arrow suggests a potential recovery. If Ethereum rebounds from support, it could reclaim key resistance levels. With institutional interest, including reports of former President Trump holding ETH, confidence may return.