Ethereum's recent outperformance has fueled an intense buzz across social media, reaching what analysts at Santiment describe as an "extreme euphoria" threshold—a classic warning signal for potential market corrections. Since early May, ETH has surged an astonishing 70% against Bitcoin, causing its dominance in online discussions to spike dramatically.
Santiment: Ethereum mentions hit extreme euphoriaHistorically, such euphoric sentiment on social channels often precedes local market tops, as assets risk becoming overvalued. According to CoinGecko, Ethereum is currently trading near $3,750, marking a 53.5% gain in the last 30 days.
Mixed Signals: More Upside Possible for ETH?
However, not all metrics point to imminent downside. Santiment experts note a continued lack of speculative hype around meme-coins—a behavior that often signals a true market peak is still ahead. Typically, retail exuberance shifts from leading assets to high-risk altcoins at cycle tops, and so far, that rotation remains muted.
Another possible catalyst for Ethereum’s continued rally is the emerging trend of corporations allocating reserves to ETH. Santiment’s analysts highlight this narrative as a strong potential driver for another push to new all-time highs. "This treasury use-case could underpin the final leg upward," they commented.
Key Price Levels and Outlook
As for potential reversal zones, experts suggest $125,000 for Bitcoin and $4,050 for Ethereum as psychological barriers where corrective moves could begin. The latest Santiment reports also recall their mid-July altseason call, which preceded Bitcoin’s surge above $123,000—a reminder that market sentiment and cross-asset momentum can shift rapidly.
ETH/USD daily chart: recent price surge. Binance ETH/USD daily chart. Data: TradingView .