brief decline below $3000 during the trading session on the 30th of April led to a spike in its social activity, Santiment noted in a post on X .According to the on-chain data provider, at the time of press, the altcoin ranked second in terms of social discussion after
However, a look at the coin’s price movements on a daily chart suggested that ETH might not be poised for any significant rebound in the short term. Its price may even witness further downside. Exchanging hands at $2,899 at press time, the likelihood of a further decline remains high as demand for the leading altcoin continues to plummet among market participants.
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