After what has been two weeks of an incredible rally for the price of Ethereum, the digital asset seems to be running out of steam. ETH’s price has now declined once more below $1,600 after a sharp downturn on Tuesday. The culprit for this seems to be growing FUD across the community.

According to Santiment, the social dominance of Ethereum grew rapidly in the last couple of days. While this can sometimes be a good thing, it tells a negative story this time around. Ethereum is now dominating 21% of cryptocurrency discussion on social media and the on-chain data aggregator says this might be evidence that FUD might be behind the dip. However, this may not be the only reason.

A report from Bitcoinist had previously shown that profit-taking in large assets such as Bitcoin and Ethereum had been ramping up with the increase in price. Santiment also highlights this in its post, pointing to the spike in the profit-taking ratio on January 20. Taking this in concert with the growing FUD, it presents a recipe for disaster for the digital asset.