ETH Could Soon Reclaim $3,200 on Low Stablecoin Yields, Santiment Says
Ether (ETH) may be poised for a nearly 7% recovery as stablecoin yields across the market remain low — a signal that the market has yet to enter "overheated" territory, according to the latest report from analytics platform Santiment. Low Stablecoin Yields Suggest Market Has Not Peaked Santiment says average stablecoin yields across lending protocols are currently hovering around 3.9%–4.5%, which it considers an important gauge of "market health." "Right now,
Ether (ETH) may be poised for a nearly 7% recovery as stablecoin yields across the market remain low — a signal that the market has yet to enter "overheated" territory, according to the latest report from analytics platform Santiment.
Low Stablecoin Yields Suggest Market Has Not Peaked
Santiment says average stablecoin yields across lending protocols are currently hovering around 3.9%–4.5%, which it considers an important gauge of "market health."
"Right now, yields are only around 4%. This indicates the market hasn't peaked and still has room to move higher," Santiment noted, while projecting that ETH could retest the $3,200 resistance zone in the near term.
That price level represents an approximately 6.7% gain from the $2,990 area at the time of the report.
ETH Down Over 21% on the Month but Recovery Signals Emerge
Over the past 30 days, ETH has fallen 21.85% — swept up in a broad market correction that began following $19 billion in liquidations on October 10. The selloff came in the wake of President Donald Trump's announcement of 100% tariffs on Chinese goods.
Technical signals, however, are showing improvement. Analyst Matthew Hyland noted on X that the weekly ETH/BTC pair "is approaching a bullish ribbon flip signal for the first time since July 2020."
Meanwhile, spot Ether ETFs are showing a clear reversal: the market recorded $312.6 million in net inflows last week after three consecutive weeks of heavy outflows.
Market Sentiment Gradually Stabilizing
The broader crypto market is also showing signs of sentiment recovery. The Fear & Greed Index spent 18 days in the Extreme Fear zone before climbing back to Fear, reflecting a return to stability.
December Seasonality Has Historically Favored ETH — But Will This Year Be Different?
According to CoinGlass data, December has historically delivered an average return of 6.85% for ETH since 2013.
Even so, many investors remain skeptical about the reliability of seasonal patterns this year, given that Bitcoin — typically strong in October and November — sold off more sharply than expected.