Santiment: Ethereum has fallen 36% from its local highs. If the market stabilizes, it may see an unexpected rebound

Odaily reports that according to a chart report released by the cryptocurrency market research firm Santiment, the market capitalization of has fallen 36% from its local high point 7 weeks ago, leading to a sharp decline in the number of in profit. Based on daily closing data, the current profitability ratio of has reached a 4-month low, and the number of profitable tokens has also fallen to a 3-month low. As the second-largest cryptocurrency by market capitalization, has underperformed other major cryptocurrencies, and the market sentiment has turned significantly negative. Although the market is currently rife with and retail investors continue to sell, once the cryptocurrency market stabilizes, may see an unexpected rebound.