According to the analytics firm Santiment, Bitcoin (BTC) might be set for a dip. Why? Traders are getting a bit too excited about the recent price surge.

Right now, crowd sentiment has hit what they call "greedy" levels after BTC’s gains this week. This kind of feeling often indicates that a local top might be on the horizon. It could happen today, this weekend, or in the coming weeks, depending on how the big players, or whales, act at these price points.

As of now, BTC is trading at $65,935, showing an increase of over 4% this week. That’s quite a jump!

Now, let’s talk about Ethereum (ETH). Santiment points out that the fees for this second-largest crypto have gone up recently. However, this increase hasn’t changed the overall sentiment towards ETH.

People aren’t too worried. The muted response in social discussions suggests that unless fees rise dramatically, they won’t be a major barrier to using Ethereum anytime soon. It’s important to note that rising fees can sometimes signal that the market is nearing a speculative peak. Typically, higher fees come with a surge in network activity driven by market hype.

But right now, this mild increase in fees seems to reflect healthy growth in the Ethereum ecosystem. There’s a lot happening, especially in DeFi and speculative trading around smaller tokens.

At this moment, ETH is priced at $2,698, having gone up nearly 3% in the last 24 hours. Things are moving!