Santiment: Retail ETH sell-off is a bullish signal

On-chain analytics firm Santiment reported that aggressive selling of ETH by retail investors is actually a bullish signal for the asset. The firm noted that investors holding less than 0.01 ETH have sold 1,791 ETH, worth a total of $4.16 million, over the past two days. According to Santiment, these investors perceive the roughly 19% rise in ETH since March 29 as a bull trap. The firm emphasized that this perception, which leads to profit-taking, actually increases the rally's sustainability and is a bullish sign.