According to Crypto Rover, recent sentiment data shows that Ethereum (ETH) holders are shifting to a bullish outlook as of May 7, 2025 (source: @rovercrc on Twitter). This positive sentiment reversal may signal increased buying momentum and potential upward price movement for ETH. Traders should monitor on-chain data and volume spikes, as rising bullish sentiment often precedes short-term rallies. This shift is relevant for crypto traders seeking opportunities in Ethereum and altcoin markets.

According to Cas Abbé on Twitter, Ethereum (ETH) is currently at its most oversold level since Q3 2024, as indicated by the Stochastic RSI indicator (source: @cas_abbe, May 7, 2025). Historical data shows that the last three times ETH reached similar oversold conditions, the price surged between 90% and 150% within the following 3-4 months. This suggests that traders should closely monitor ETH for a potential bullish reversal, with upside targets above $3,400 by July or August 2025 if the pattern repeats. Such a move could significantly impact altcoin momentum and broader crypto market sentiment.

According to @CryptoCred, while altcoins like BNB, SOL, and XRP have reached new highs, Ethereum (ETH) has underperformed in the current cycle. However, @CryptoCred cites on-chain data from Glassnode and recent institutional flows reported by CoinShares to suggest that ETH is accumulating at key support levels. The upcoming Ethereum upgrades, including Proto-Danksharding and continued Layer 2 adoption, are expected to improve network efficiency and reduce gas fees, potentially driving renewed investor interest in 2025. Traders should monitor ETH/BTC ratios and ETH open interest on major exchanges as leading indicators for a possible breakout, as outlined by @CryptoCred.