Ethereum is getting most of the attention from crypto traders, while Bitcoin and XRP are facing growing fear. According to Santiment, the world’s largest altcoin by market cap has 2.05 bullish comments for every bearish comment across X, Reddit, and Telegram.
The shift comes as ETH trades above key support, and traders are watching staking demand and upcoming network upgrades.
Ethereum FOMO
The same cannot be said for Bitcoin, however, as it struggles to attract the same confidence. Its bullish-to-bearish comment ratio has dropped to 0.82. Repeated rejection near $87,000, a brief plunge toward $81,000, and heavy long liquidations have added to market concerns.
XRP is also under pressure as it recorded a sentiment ratio of 0.92. The token has fallen more than 9% over the past week, while the $1.40 level remains difficult to reclaim. Santiment explained that this contrast could matter if prices recover. While fear around Bitcoin and XRP could create opportunities for a possible rebound, high optimism around Ethereum may signal overheating,
Meanwhile, Crypto Patel sees an ambitious upside for Ethereum. The analyst set a long-term target of $15,000 for the current bull cycle. The $1,600 to $2,000 range was identified as a potential re-accumulation zone, with intermediate targets at $3,270, $4,892, and $10,000.
According to Crypto Patel, a confirmed breakout above $4,892 could open the door to a broader rally. However, ETH will need to hold key support levels and overcome resistance to keep that outlook alive.
Mixed Picture
Spot Ethereum ETFs finally saw some money come in after ten straight days of outflows. The funds recorded $24.84 million in net inflows on October 13th, which, interestingly, was their only positive day so far in October. Grayscale’s ETH fund led the gains with $16.3 million, while Fidelity’s FETH raked in another $8.11 million. Other funds posted no flows for the day.
The rebound is a welcome change, but it has barely made a dent in the recent withdrawals. These ETFs still have around $695 million in net outflows so far in October, as investor demand remains under pressure.
A similar trend was seen across spot Bitcoin ETFs, which collectively attracted $175.6 million. Meanwhile, XRP funds recorded no flows for three straight days.
The post ETH Becomes the Crowd Favorite as BTC Slides and XRP Struggles appeared first on CryptoPotato.
Source: https://cryptopotato.com/eth-becomes-the-crowd-favorite-as-btc-slides-and-xrp-struggles/
