Analyst Sees Upside for ETH Ahead of Glamsterdam Upgrade
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Ethereum is trading roughly 65% below its all-time high and social attention is at near-yearly lows even as its largest network upgrade since The Merge is due within weeks, creating a major crypto and DeFi milestone. An analyst says the divergence between weak social interest and steady on-chain usage has often preceded sharp price moves, suggesting potential renewed adoption or volatility ahead.
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Ethereum (ETH) is trading at nearly 65% below its all-time high, with attention around the asset at an almost yearly low, even as its largest network upgrade since The Merge is due within weeks.
But an analyst tracking the setup says the gap between weak social interest and steady on-chain usage is the kind of divergence that has often come right before sharp moves for the cryptocurrency.
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