Ethereum’s sentiment takes a hit after ETF nod, but it’s not all bad news!
How does the current weighted sentiment of Ethereum compare to its levels a few weeks ago?
The current weighted sentiment of Ethereum has declined and turned negative compared to its levels a few weeks ago. A few weeks ago, the weighted sentiment spiked to over 6% on the 20th and 21st of May and briefly declined to around 2% before spiking over 6% again on 23rd May. This spike coincided with the news of the ETH spot ETF approval. However, after that spike, there have been declines in the weighted sentiment, which is now around -0.4, indicating that negative sentiment now outweighs the positive sentiment Ethereum enjoyed a few weeks ago.
What was the highest social volume recorded for Ethereum during the spikes, and what is it currently?
The highest social volume recorded for Ethereum during the spikes was 4,197. As of this writing, the social volume has significantly declined and is currently around 415.
What was the peak weighted sentiment of Ethereum on the 20th and 21st of May, and how did it change by the 23rd of May?
The peak weighted sentiment of Ethereum on the 20th and 21st of May was over 6%. By the 23rd of May, it briefly declined to around 2% before spiking over 6% again.