Investors are growing increasingly disheartened with Ethereum's price performance in 2024. Despite the fact that many leading altcoins have more than doubled this year, Ethereum remains a letdown for investors.
However, it is often seen in markets that when investor sentiment is notably low, the asset might witness a reversal, resulting in a significant price increase. The current low emotions surrounding Ethereum might be a precursor for future upward movement.
The potential for Ethereum to form a macro bottom is being considered by some analysts as a possibility amidst these circumstances.
