Santiment: Retail Panic Selling as ETH Weakens Post-Pectra Upgrade, Contrarian Moves May Prove Profitable
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According to CoinWorld, on May 9, Santiment analysis indicated that after the recent Pectra upgrade, ETH's price performance was poor, leading some traders, particularly retail investors, to sell their ETH and turn to other Memecoins. However, following the panic among retail investors, ETH has shown a different performance in the past two days, climbing back above $2,075 for the first time in over six weeks, which may demonstrate a contrarian strategy to profit against the retail crowd.
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