There is an interesting phenomenon recently in the crypto market sentiment analysis circle—Ethereum's popularity and discussion atmosphere on social platforms are returning to the "lowest point of popularity" state seen last year.

This sounds a bit counterintuitive, but according to data analysts' observations, this bottom sentiment might actually be hinting at something.

**Inverse Reference of Sentiment Indicators**

Some analysts recently pointed out that the current discussion heat on Ethereum's community and the market pessimism index are very similar to that period in April last year. Speaking of April last year, how bad was the market's attitude towards Ethereum? At that time, the coin price was still struggling around $1,470.

But interestingly, it was in this extremely bearish atmosphere that Ethereum suddenly reversed course. From $1,470 in spring, it surged all the way to mid-August, setting new historical records—reaching around $4,900, completely surpassing any highs before 2021. The entire process took a few months, completely flipping the market's pessimistic sentiment.

**The Current Situation**

However, since that historical high, Ethereum also experienced a significant correction. The current price is around $3,150, down about 36% from the peak. This decline deepened in the fall.

But from another perspective—when market sentiment hits bottom again, will the historical pattern repeat? This is the question many participants are now contemplating.