Santiment: investors' attitude towards Ethereum has reached the "extreme fear zone"
6/11/2026, 06:54 AM • Евгения Слив

Analysts of the Santiment platform recorded a sharp decline in investor sentiment towards the airshow, calling the current situation an "extreme fear zone". Market pressure is being exerted by the continued backwardness of the second-largest cryptocurrency capitalization compared to Bitcoin and other large assets. However, the experts take a Contrarian approach: in their view, mass pessimism and the "crowd" ’s willingness to write off the ether significantly increase the likelihood of an early correction and price rebound.
An additional argument in favor of a possible trend reversal is the MVRV Z-Score indicator, which reflects the ratio between the market value of the asset and the average purchase price of coins. It is now close to -0.7, which historically represents a deep undervaluation. Such values were only seen in late 2018, mid-2022, and June 2026, each time preceding a change in market trend, even though the indicator itself might have remained in the negative zone for several more months.
Against this background, there is also a physical outflow of assets in the network. Earlier, CryptoQuant analysts reported that over the first week of June, airtime reserves at major exchanges including Binance, OKX, Gemini and Bitfinex fell by 475,000 coins. The confluence of extreme social-media pessimism, signals of undervaluation from onceanometry, and stock-market declines is shaping a picture that often precedes local market twists.
