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278,000 Ethereum validators are queuing up to join—Is FOMO sentiment brewing?
FOMO sentiment remains subdued, and traders are still waiting for the market to bottom out.
Given the current technical outlook, this hesitation is understandable. Over the past five weeks, the total cryptocurrency market cap has been range-bound, leaving market participants confused about the next move.
Ethereum (ETH) has experienced a similar trend, with prices fluctuating between $2,600 and $3,000 during this period. However, based on the current behavior of Ethereum validators, FOMO sentiment seems to be rising again.
For the first time in four months, the number of Ethereum validators has shown a net increase.