Ethereum Draws Bullish Sentiment as Bitcoin and XRP Face Fear

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Ethereum Draws Bullish Sentiment as Bitcoin and XRP Face Fear
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Ethereum is getting most of the attention from crypto traders, while Bitcoin and XRP face growing fear, according to Santiment data. Spot Ether ETFs also posted their first inflows after ten straight days of outflows.

Ethereum is drawing the most attention from crypto traders. According to Santiment, ETH has 2.05 bullish comments for every bearish one across X, Reddit, and Telegram. The shift comes as ETH trades above key support, and traders are watching staking demand and upcoming network upgrades.

Bitcoin and XRP sentiment weakens

Bitcoin struggles to attract the same confidence. Its bullish-to-bearish comment ratio has dropped to 0.82, and 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, with a sentiment ratio of 0.92. The token has fallen more than 9% over the past week, and the $1.40 level remains difficult to reclaim.

Santiment said this contrast could matter if prices recover. Fear around Bitcoin and XRP could create opportunities for a possible rebound, while high optimism around Ethereum may signal overheating.

Analyst targets $15,000 for Ethereum

Analyst Crypto Patel set a long-term target of $15,000 for the current bull cycle. He identified the $1,600 to $2,000 range 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.

Ether ETFs record first inflows after outflow streak

Spot Ethereum ETFs saw money come in after ten straight days of outflows. The funds recorded $24.84 million in net inflows on October 13th, their only positive day so far in October.

Grayscale's ETH fund led the gains with $16.3 million. Fidelity's FETH took in another $8.11 million. Other funds posted no flows for the day.

Source: CryptoPotato

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