Ethereum’s Price Movement: A Bear Trap in Disguise?

Santiment analysts warned of rising FOMO.

The movement of the second-largest cryptocurrency by market capitalization appears to be a “massive bear trap,” according to observations shared by a trader known as Ash Crypto. 

This looks like a massive Bear trap

Still praying for $5,000 $ETH in 2025 pic.twitter.com/Yjacglc9Uu

— Ash Crypto (@Ashcryptoreal) November 6, 2025

According to him, the asset’s price could still reach $5000 by the end of 2025, despite a deep correction. 

Over the past week, Ethereum’s price has fallen by 12.6%, hitting a low of around $3100. 

At the time of writing, the coin is trading at $3352, which is 32% below the all-time high of $4946 reached in August. 

Analyst Michaël van de Poppe described the current zone as “optimal for accumulation.” 

November is traditionally considered the best month for Bitcoin, with the cryptocurrency appreciating by an average of 47% during this month. For Ethereum, the figure is noticeably more modest at around 5.7%.

Some market participants anticipate a sharp price reversal “soon.” 

Beware of FOMO 

Users are showing growing optimism towards Ethereum. A surge

in bullish sentiment on social media followed the asset’s price rise to $3500. Traders perceived this as a positive signal, noted analysts at Santiment.

📊 Ethereum traders have quickly pivoted from being extremely bearish to extreme bullish, according to social media data. But is retail getting overly eager? Historically, we want to see continued FUD like $ETH was having on Tuesday.

🤑 When the #2 market cap nearly rebounded to… pic.twitter.com/ZE8lGUNTL7

— Santiment (@santimentfeed) November 6, 2025

According to them, there are currently about 2.7 bullish comments for every bearish one — the highest optimism ratio since July. 

“Ethereum traders have quickly shifted from extremely bearish to distinctly bullish,” commented the experts. 

However, they warned that this could ultimately be a negative factor: “prices historically move in the opposite direction of the crowd’s expectations.” 

On November 4, when the asset was trading at $3700, Santiment recorded an average of only 0.86 bullish comments for every bearish one — the worst ratio since April. 

“Historically, for further growth, it is desirable to maintain the level of FUD observed on Tuesday. Recent sell-offs have fueled the subsequent rally, but now the growing FOMO may become a brake on this movement,” the analysts emphasized. 

In their view, the true buying signal will come when traders “lower expectations of a quick return” to $4000 and “bullish sentiment subsides again.”

Earlier, experts from Wintermute identified reasons for the cryptocurrency market’s stagnation. One key factor is the redistribution of liquidity.