Santiment: After the Pectra upgrade, ETH's weakness has caused retail investors to panic and flee, potentially leading to profitable reverse operations.

2025-05-09 08:12:00

On May 9, according to Santiment analysis, after the recent Pectra upgrade, the performance of ETH has been poor, with some traders, especially retail investors, selling their ETH and turning to other Memecoins. However, following the panic among retail investors, ETH has shown a different performance in the past two days, returning above $2,075 for the first time in over 6 weeks, which may demonstrate the profitability of contrarian strategies against the retail investor group.

ETH-5.47%

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BrotherNiu

· 2025-05-09 08:46

On May 9, according to Santiment analysis, after the recent Pectra upgrade, the ETH price performed poorly, with some traders, especially retail investors, dumping their ETH in favor of other Memecoins. However, following the panic sentiment among retail investors, ETH has shown a different performance in the past two days, returning above $2,075 for the first time in over 6 weeks, which may demonstrate that reverse operations can profit by countering retail investors.

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