Ethereum is showing negative sentiment, but there seems to be potential for a market rebound.

• Ethereum’s market faced a 36% decline, with profitability at a multi-month low.
• Retail traders were selling at a loss, but market stabilization could trigger a rebound.

Ethereum [ETH] has experienced a significant 36% decline since its recent high just seven weeks ago, resulting in a sharp drop in profitability.

The percentage of ETH tokens in profit has fallen to its lowest point in over four months, and the total number of coins in profit has reached a three-month low.

Despite the prevailing negative market sentiment and retail traders offloading their holdings, there remains potential for a surprising rebound as the market stabilizes.