According to news from BiJieWang on May 9, Santiment analysis shows that after the recent Pectra upgrade, the ETH price has performed poorly, with some traders, especially retail investors, selling their ETH and instead flocking to 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 a contrarian strategy to profit against retail investors.
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According to news from BiJieWang on May 9, Santiment analysis shows that after the recent Pectra upgrade, the ETH price has performed poorly, with some traders, especially retail investors, selling their ETH and instead flocking to 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 a contrarian strategy to profit against retail investors.