Santiment also pointed to previous scenarios to support this observation. On June 16, 2025, and again on July 30, 2025, Ethereum experienced periods of extreme retail greed, which were followed by sharp corrections as the market recalibrated. These historical instances underline the contrarian nature of market psychology, where excessive optimism can precede pullbacks, while disbelief and hesitation can pave the way for price growth.
In the current rally, retail sentiment has been marked by FUD (fear, uncertainty, and doubt) and disbelief. Despite Ethereum consistently printing higher highs, many traders remain convinced that the move is unsustainable.
