Recently, the market sentiment for Ethereum (ETH) has undergone a dramatic shift. Not long ago, when the ETH price was experiencing a normal pullback, there was a pervasive sense of pessimism in the market, with some even claiming that the bull run was over and a triple top pattern was about to emerge. However, with the rapid rebound in ETH prices last week, market sentiment quickly turned to extreme optimism.

Such extreme emotional fluctuations are not uncommon in the cryptocurrency space, but it is worth noting that these sentiments often come from the same group of self-media and opinion leaders. Just a few months ago, they were predicting that ETH might drop to $800, and now they are starting to fantasize about sky-high prices.

Currently, there is again talk in the market that "Ethereum will surpass Bitcoin." This inevitably reminds people of the situation in the second half of 2021, when ETH also reached its historical peak. At that time, almost all media were vigorously promoting ETH while dismissing BTC. History tells us that when the media collectively falls into FOMO (fear of missing out), investors need to remain cautious.

It is worth noting that this optimistic sentiment is not limited to the Chinese community; internationally renowned opinion leaders have also given optimistic forecasts, with some predicting that ETH will reach around $10,000, and even others seeing $20,000. The headlines of leading global media also reflect this optimistic sentiment.

However, objectively speaking, Bitcoin currently ranks sixth in the global asset rankings, on par with tech giants like Google and Apple, with a market capitalization of approximately $2.4 trillion. In contrast, ETH currently ranks 26th, with a market capitalization of around $510 billion.

In the face of such drastic fluctuations in market sentiment, investors need to remain calm and objectively analyze the market situation, avoiding being swayed by short-term emotions. Whether it is extreme pessimism or excessive optimism, both can lead to erroneous investment decisions. In the cryptocurrency market, rationality and a long-term perspective are often more important than following short-term emotions.