A rare divergence is unfolding across the cryptocurrency market’s three largest assets. While Bitcoin and XRP traders have turned markedly cautious, Ethereum is attracting a wave of bullish chatter that market intelligence firm Santiment now classifies as FOMO territory — fear of missing out.

Across X, Reddit, and Telegram, Ethereum is generating 2.05 bullish comments for every bearish one, according to Santiment data published this week. That ratio is roughly 2.5 times Bitcoin’s reading of 0.82 and more than double XRP’s 0.92, placing the second-largest cryptocurrency in a sentiment category the analytics platform explicitly labels as the FOMO zone.

The optimism around Ethereum stems from several factors. Santiment pointed to ETH’s…